A dollar amount the insured must pay
on each loss. The insurance company pays the
remainder of each covered loss up to the policy

Merriam-Webster Online Dictionary
deductible (adjective)
allowable as a - deduction expenses that are deductible from taxable income
deductible (noun)
a clause in an insurance policy that relieves the insurer of responsibility for an initial specified loss of the kind insured against , also the amount of the loss specified in such a clause
« Back to Glossary Index
Exam Pass Guarantee

Risk Free Exam Pass Guarantee

We guarantee to help you pass the Real Estate Salesperson or Broker exams. And if you don’t pass we will refund you in full.