noun
1.
A Deductible is the amount of money a policyholder must pay out of pocket before any insurance payments are made. For example, if repairs to a personal vehicle cost $1,000, but the Deductible on that Policy is $500, the policyholder must pay $500 toward the repairs before the insurance company covers the other $500.
Before you buy insurance for your car rental, make sure you know what it covers. Find out the pieces of a car rental policy, and whether your regular auto coverages already have it.
Protect your business by understanding the importance of liability insurance and how coverage works.
Variable Universal Life is permanent insurance in which the policyholder directs how premiums are invested.