Insurance Verifier Question:
Download Questions PDF

Please explain me what do you mean by ‘Deductible’?

Answer:

Deductible is one of the several types of clause that are used by the insurance company as a threshold for policy payment for health insurance or travel insurance. Deductible is a decided amount that you have to pay from your pocket while claiming theinsurance. For example, you have a deductible of $500,and you haveinsurance coverage for $2000, then you are responsible for paying for $500 and the remaining amount $1500 will be paid by insurance company.

Download Insurance Verifier Interview Questions And Answers PDF

Previous QuestionNext Question
Tell us what do you mean by ‘insurance coverage’?Please explain is it possible to get the full payment on cancelling the new policy in free look period?