What Does Disappearing Deductible Mean?

Free Business Insurance Quote Click Here
What does Disappearing Deductible mean? Read on to discover the definition & meaning of the term Disappearing Deductible - to help you better understand the language used in insurance policies.

Disappearing Deductible

Disappearing Deductible

A formula deductible that decreases as the amount of loss increases and disappears entirely to provide full coverage when the loss reaches a specified amount. Disappearing deductibles were once commonly used in property insurance policies.

We hope the you have a better understanding of the meaning of Disappearing Deductible.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here