• Privacy Policy
  • Refund and Returns Policy
  • Term Conditions
  • My Account
Friday, January 27, 2023
Money Blog
  • Login
  • Register
  • Home
  • Investments
  • Personal Finance
  • Stock Market
Blog
Subscribe
  • Home
  • Investments
  • Personal Finance
  • Stock Market
Money Blog
Home Blog

Deductibles

A Concise Guide to Deductibles in Insurance and their Application

by Skills.Money
in Blog, Insurance
Reading Time: 4 mins read
A A

A deductible is a standard policy provision that requires the insured to pay part of the loss. A deductible is a provision by which a specified amount is subtracted from the total loss payment that otherwise would be payable.

Deductibles are typically found in property, health, and auto insurance contracts. However, a deductible is not used in life insurance because the insured’s death is always a total loss, and a deductible would reduce the face amount of insurance. Also, a deductible generally is not used in personal liability insurance because the insurer must provide a legal defense, even for a small claim.

Purposes of Deductibles

Deductibles have several important purposes. They include the following:

This is a Premium Content

Login if you have purchased

Membership

Get Access to all the Premium Content.
More than 100+ Articles, Mini Courses, Quizzes and Contests.
Subscribe Now
Previous Post

Keyman Insurance

Next Post

Co-Insurance

Next Post
Co-Insurance

Co-Insurance

Skills.Money

We Offer Premium Content in Financial Literacy through blogs, interactive micro courses, quizzes. Membership offers access to premium content and chance to win quiz contests.

Site Links

  • Privacy Policy
  • Refund and Returns Policy
  • Term Conditions
  • My Account

Our Social Media

Newsletter

© 2022 Skills.Money A Financial Literacy Initiative.

No Result
View All Result
  • Home
  • Mini Courses
    • Personal Finance
    • Investments
    • Stock Market
  • Blog
    • Economy
    • Insurance
    • Investing
    • Personal Finance
    • Taxation
  • Membership
  • My Account

© 2022 Skills.Money A Financial Literacy Initiative.

Welcome Back!

OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?