What is Deductible (Property & Casualty)? | PROPERTY-CASUALTY, LIFE-HEALTH Exam Prep

A deductible is the amount the insured must pay out-of-pocket before insurance coverage begins, representing a form of self-insurance that reduces premiums. 📚 Learn more about Deductible (Property & Casualty) and other key terms for your PROPERTY-CASUALTY, LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: PROPERTY-CASUALTY, LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Deductible (Property & Casualty) definition: https://www.open-exam-prep.com/glossary/deductible-property 💡 Exam Tip: Higher deductible = lower premium. Deductible applies PER CLAIM in P&C. Know special wind/hurricane deductibles! --- #insurance #examprep #financeexam #property-casualty #life-health