Policy deductibles refer to the amount of money that you must pay out-of-pocket before your insurance policy kicks in to cover the remaining cost. Full definition
Unlike health insurance, auto insurance policy deductibles are normally on a per claim basis meaning you would have to cover these costs every time you file a claim. (valuepenguin.com)
Your chosen deductible and whether or not you have master policy deductible coverage. (trustedchoice.com)
Your home, condominium or renters policy deductible will apply to any covered loss and any payments are not made until the deductible is met. (nationwide.com)