There's a big difference between percentage and
flat rate deductibles.
The average home warranty plan requires homeowners to pay
a flat rate deductible for each service call in addition to an annual fee.
If you have
a flat rate deductible, it means that you're required to pay a fixed amount of money before the insurance company will step in to pick up the rest of the bill.
What's
a Flat Rate Deductible?
Not exact matches
For example, mileage on a company vehicle while travelling for business purposes is
deductible at a
flat rate (currently $ 0.55 per mile).
That's a lot more than the standard,
flat -
rate deductible.
For most claims, there is a
flat -
rate deductible.