A Deductible Is the

question 56

Multiple Choice

A deductible is the

• A)percentage of a covered expense that an individual will have to pay.
• B)percentage of a covered expense that an insurance company will have to pay.
• C)amount of covered expense that an individual will have to pay before the insurance company pays anything.
• D)amount of covered expense that an insurance company will have to pay before the individual pays anything.

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Definitions:

Financial Resources

Monetary assets that are available and can be used to facilitate transactions or investments by individuals or organizations.

Focused Strategy

A business approach that targets a particular market niche or demographic with tailored products or services.

Customer Niche

A focused, targetable portion of a market by which specific products or services are marketed to meet the unique demands of its audience.

Broader Market

Refers to a wide and diverse range of buyers and sellers in an extensive market beyond niche or specific industry segments.