A deductible clause in an insurance policy is

Question

(1 point)
Responses

equal to the vehicle’s present value.
equal to the vehicle’s present value.

coverage for medical costs if you are at fault in a collision.
coverage for medical costs if you are at fault in a collision.

a protection to the policyholder.
a protection to the policyholder.

the amount the policyholder pays for damages.

Answer 1

The correct response is:

the amount the policyholder pays for damages.

A deductible is the portion of a claim that the policyholder is responsible for paying out of pocket before the insurance company pays the remaining amount.