Deductible
The amount you must pay out of pocket before your insurance coverage kicks in. For example, with a $1,000 deductible, you pay the first $1,000 of a covered claim, and your insurer pays the rest up to your policy limits.
The amount you must pay out of pocket before your insurance coverage kicks in. For example, with a $1,000 deductible, you pay the first $1,000 of a covered claim, and your insurer pays the rest up to your policy limits.