What does Straight Deductible Clause mean? Read on to discover the definition & meaning of the term Straight Deductible Clause - to help you better understand the language used in insurance policies.
Straight Deductible Clause
A straight deductible clause is section in an insurance policy that specifies the amount in dollars or percentage of a loss that you have to pay for each loss before the insurance company covers the remaining costs. It is common in property and medical insurance policies for which you pay the first portion of any loss.
We hope the you have a better understanding of the meaning of Straight Deductible Clause.