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Deductible

What is a deductible?

Under insurance policies, insured needs to pay an amount to the insurer, this amount is the deductible. The insured chooses the deductible. Your insurance premium depends on your deductible; if the deductible is low then the premium will be high.

When you choose an Insurance Policy, whether for your property, your liability, or [...]

[ More ] July 13th, 2009 | No Comments | Posted in Insurance |