A deductible is an annual amount a person pays on an event covered by insurance before benefits kick-in. Home, auto and health insurance products all commonly have deductibles. In general, a higher deductible reduces pre... More »

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An insurance deductible is the amount a covered person pays on covered events before insurance benefit payments kick in, according to HealthCare.gov. If a person has a $250 deductible on hospital services, that person pa... More »

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A health insurance deductible is the amount a patient pays for healthcare before the insurance plan begins to pay. The deductible may not apply to all services, and each healthcare plan is different. More »

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In the event that a person passes on and the life insurance policy goes missing, there are several ways to look for the policy, which include searching through the documents and personal belongings of the deceased, check... More »

Benefits of owning wind and hail insurance include receiving money for home exterior and interior reconstruction, roof repairs and possession reimbursement in the event of wind and hail, claims Ameriprise. Some auto poli... More »

www.reference.com Business & Finance Insurance

Insurance is essentially a group-oriented risk management strategy: insurance companies cover individuals and families in the event of losses and accidents by pooling money received by people with similar risks, which al... More »

www.reference.com Business & Finance Insurance

The fundamental purpose of insurance is to spread out the risk of individual investments among many parties to reduce the risk to any individual member of the pool in the event that an investment fails. The FDIC, for exa... More »