Answered

Before an insurance company will start to pay policy benefits after an insured's loss, the insured must first pay a specified amount called the

A. Copayment
B. Deductible
C. Coinsurance
D. Premium



Answer :

GinnyAnswer

Final answer:

The deductible is the specified amount an insured must pay before insurance benefits are provided.


Explanation:

In insurance, the insured must pay a specified amount before receiving policy benefits. This specified amount is known as the Deductible. It is the maximum out-of-pocket cost the insured must cover before the insurance company begins to pay.


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