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5 September, 13:10

is the term used used to represent the portion of a catastrophic financial loss that must be covered by th insured before the insurance coverage provides any compensation for the loss

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  1. 5 September, 16:45
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    insurance deductible

    Explanation:

    An insurance deductible is a term that refers to an amount of money that an insured individual or business must pay when he files a claim so before the insurance company starts to pay the rest of the value of the claim. The insurance deductible must be specified in the insurance policy.
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