What does Deductible Clause mean? Read on to discover the definition & meaning of the term Deductible Clause - to help you better understand the language used in insurance policies.
A deductible clause is a clause in an insurance contract that states that the insured must pay a specific amount of money before the insurance policy will kick in to help pay for losses. Deductible clauses are used in a variety of insurance fields and also vary greatly in amounts.
We hope the you have a better understanding of the meaning of Deductible Clause.