Definition: The word "insurance deductible" has a broad range of meanings depending on its context and the nature of the coverage you are referring to. Here's an overview of some possible definitions: 1.

Cost or Expense

: - Deductible: A percentage or amount that is considered an acceptable level for insurance claims in relation to the cost or expense incurred by the insured. - "The percentage of the claim that a policy company considers as deductible." (Mortensen, 2019) 2.

Cost of Loss

: - Deductible: The amount covered under a policy as an upfront payment for loss occurring. - "The amount that a policy company determines is considered deductible in calculating the amount it will pay to an insurance claim." (Mortensen, 2019) 3.

Cost of Loss or Expense

: - Deductible: A percentage or amount that is considered an acceptable level for insurance claims in relation to the cost or expense incurred by the insured. - "The percentage of the loss or expense incurred under a policy as an upfront payment." (Mortensen, 2019) 4.

Cost or Expense Deducted

: - Deductible: A percentage or amount that is considered an acceptable level for insurance claims in relation to the cost or expense incurred by the insured. - "The percentage of the claim that a policy company considers as deductible." (Mortensen, 2019) 5.

Cost of Loss or Expense

Deductible: The amount covered under a policy as an upfront payment for loss occurring. 6.

Cost of Loss or Expense Deducted

: - Deductible: A percentage or amount that is considered an acceptable level for insurance claims in relation to the cost or expense incurred by the insured. - "The percentage of the claim that a policy company determines as deductible." (Mortensen, 2019) These definitions provide some general ideas about what "insurance deductible" means. However, it's always best to consult with an insurance expert for the most accurate and detailed definition.

insurance deductible meaning