What Is Insurance Deductible
It s one of the most common car insurance questions and may be the easiest to answer.
What is insurance deductible. What is a deductible. Your insurance company pays the rest. An auto insurance deductible is what you pay out of pocket on a claim. Here you ll learn the basics of insurance deductibles including what they are how they work and how much they cost.
A health insurance deductible is the amount of money you pay out of pocket for healthcare services covered under your insurance plan before your plan begins to pay benefits for eligible expenses. A deductible is the amount of money an individual pays for expenses before his insurance plan starts to pay. Car insurance deductibles explained. Many plans pay for certain services like a checkup or disease management programs before you ve met your.
With a 2 000 deductible for example you pay the first 2 000 of covered services yourself. After you pay your deductible you usually pay only a copayment or coinsurance for covered services. In an insurance policy the deductible is the amount paid out of pocket by the policy holder before an insurance provider will pay any expenses.