Definition Deductible

English vocabulary and translations (See all our English vocabulary translation)

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Definition

a deductible (US), an excess (UK): a fee or amount of money that must be paid to an insurance company when making a claim
noun

deductible: able to be taken off or subtracted from something (a sum of money etc.)
adjective

Examples

  • "You have a $500 deductible on your comprehensive and collision coverage, meaning that Ouch Insurance will pay for any damages above this amount."

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