Archive for April 24, 2020
Why Deductible and Is There a Way Around It?
A deductible is the amount of money you agree to pay as your share of the cost of a claim before the insurer is committed to paying the rest of the claim. Deductible helps mitigate the moral hazard in insurance. This means the risk that the policyholder may not act in good faith. So, deductible…Read More