"Deductible time" refers to the portion of an insurance claim or medical expense that the policyholder is responsible for paying themselves before their insurance coverage kicks in. It is the initial amount of money that must be paid out of pocket before the insurance company starts covering the costs.
Full definition
With Trupanion's «lifetime» deductibles, you pay a
separate deductible every time your pet is treated for a new condition, regardless of when it occurs.
They paid out at 90 % after my $ 100
deductible every time!
However, you don't have to pay
a deductible every time you visit your veterinarian.
For example, your health insurance may require a $ 1,000
deductible each time you're hospitalized (some plans will refer to this as a copay instead, but the magnitude of the charge means that from the consumer perspective, it's similar to a deductible).
If you have more than one claim, you'll have to pay
the deductible each time.
Does this mean I have to pay
the deductible each time I make a visit to a Doctor or hospital?
Remember, though, that you'll pay
the deductible each time you file a claim.
Keep in mind that you'll pay
the deductible each time you file a property - loss claim.
Just like it sounds, you'll pay
this deductible every time you use your pet insurance.
While your health insurance deductible might be $ 500 per calendar year, your auto insurance deductible is for each claim — so if you make three claims in a year, you'll have to pay
your deductible each time.