Question

What is a deductible?(1 point)
the maximum amount a policy will pay out in any one year
the amount paid by the policyholder before the insurance policy
starts paying on the claim
the amount paid after the deductible has been satisfied and until
the out-of-pocket maximum has been reached
the amount paid by the policyholder to the insurer on a regular
basis for the policy

Answer 1

A deductible is **the amount paid by the policyholder before the insurance policy starts paying on the claim.**