This link has been bookmarked by 8 people . It was first bookmarked on 09 Jul 2007, by Jason.
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02 Sep 14
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Deductibles are typically used to deter the large number of trivial claims that a consumer can be reasonably expected to bear the cost
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the insurance firm expects to pay out slightly smaller amounts much less frequently, incurring much higher savings. As a result, insurance premiums are typically cheaper when they involve higher deductibles.
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franchise of $20,000 a claim of $19,900 is borne entirely by the policy holder and a claim of $20,500 is borne entirely by the insurer.
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11 Oct 11
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deductible is the amount of expenses that must be paid out of pocket before an insurer will pay any expenses
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22 Jul 11
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It is the amount of expenses that must be paid out of pocket before an insurer will cover any expenses.
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23 Jun 08
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of any claim that is not covered by the insurance provider
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Typically, a general rule is: the higher the deductible, the lower the premium, and vice versa.
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Major medical insurance policies are known for often having a deductible which does not cover the cost of routine visits (e.g., to a doctor's office).
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09 Jul 07
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Most health insurance policies and some travel insurance policies have deductibles as well. Typically, a general rule is: the higher the deductible, the lower the premium, and vice versa.
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The deductible must be "met", that is, paid by the insured, before the benefits of the policy can apply.
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