Asked by Jessica Hartley on Jul 31, 2024
Verified
The fee that a driver pays to have automobile insurance is called a deductible.
Deductible
The amount an insured individual must pay out-of-pocket before an insurance company pays a claim.
- Gain an understanding of the essential aspects of vehicle insurance coverage and the procedure for claims.
Verified Answer
JM
Janette MarteAug 02, 2024
Final Answer :
False
Explanation :
The fee that a driver pays to have automobile insurance is called a premium. A deductible is the amount that the policyholder must pay out-of-pocket before the insurance company will cover the remaining costs.
Learning Objectives
- Gain an understanding of the essential aspects of vehicle insurance coverage and the procedure for claims.
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