In other words, it's the amount of money you pay out of pocket before your claim is paid. (effectivecoverage.com)
Keeping score: A better credit score means less money paid out for things like interest and insurance. (effectivecoverage.com)
An insurance company increases its profits, increases the money in the pockets of its shareholders, by limiting the amount of money paid out in claims settlements. (fararlawgroup.com)