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What is an insurance deductible?

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This refers to the amount the insured is required to pay by the insurance policy so that the insurance contract becomes active, and thus warrant compensation in case of a peril.

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the amount you pay before insurance company will pay.

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thanks.
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we laugh because we think something is funny

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wrong question bro
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it is what is held over you when you have a policy and file a claim on a incident and you have to pay it for them to honor your claim and pay out and it is usually $1000 or more and sometimes as low as $500 -- the higher the premiums Usually the lower the deductible ..

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VickiBankhead

If your deductible on insurance says 500 dollars...it is what you pay up front. If an estimate or procedure cost 1500 dollars...you have to pay the first 500 of that. Depends on what your deductible amount is that you signed up for.

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