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.
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.