Deductible, as the name implies, is deductible. It means that the insurer and the insured agree in advance that the insured shall bear a certain proportion and amount of losses. If the loss amount is within the specified amount, the insurer is not responsible for compensation. Deductible refers to the amount of loss that the insured must bear before the insurer pays according to the insurance conditions.
Deductible clauses are widely used in property insurance, health insurance and auto insurance because deductibles can eliminate many small claims and greatly reduce the cost of loss claims, thus reducing the premium.
Form of deductible
Deductible refers to the amount of loss that the insured must bear before the insurer pays according to the insurance conditions. Deductible has the following forms:
In health insurance, the total deductible of a calendar year is often used to accumulate all the medical expenses that meet the requirements in that calendar year. Once the accumulated amount exceeds a certain amount, the insurer will pay the medical insurance premium according to the contract.
The deductible is 1 1,000 yuan. It should be noted that this is an annual deductible and can be accumulated. Moreover, it is more honest to use a deductible for general medical insurance and malignant tumor insurance, that is, it is easier for you to enter the compensation area. You see 100% compensation refers to the part after deducting the deductible. This 10000 yuan has to be compensated by social security or other insurance.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.