Which statement best defines the term deductible?

a) It is money a consumer receives after experiencing a loss.

b) It is a payment made before a consumer can make a claim.

c) It is money paid by a consumer to share the cost of a payout.

d) It is a fee paid to an insurance company to purchase coverage.

Question

Lennon Liu

5 February, 08:52

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Giana Branch · Answer 1

Payment made before consumer can claim B

Which statement best defines the term deductible?a) It is money a consumer receives after experiencing a loss.b) It is a payment made before a consumer can make a claim.c) It is money paid by a consumer to share the cost of a payout.d) It is a fee paid to an insurance company to purchase coverage.