is the term used used to represent the portion of a catastrophic financial loss that must be covered by th insured before the insurance coverage provides any compensation for the loss

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Business

Kevin Larson

17 August, 11:41

is the term used used to represent the portion of a catastrophic financial loss that must be covered by th insured before the insurance coverage provides any compensation for the loss

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Natalie · Answer 1

insurance deductible

Explanation:

An insurance deductible is a term that refers to an amount of money that an insured individual or business must pay when he files a claim so before the insurance company starts to pay the rest of the value of the claim. The insurance deductible must be specified in the insurance policy.