when you purchase an insurance policy, it will list an amount you must pay out of pocket before the…
when you purchase an insurance policy, it will list an amount you must pay out of pocket before the insurance company will pay for a claim. what is this amount called? choose 1 answer: a a deductible b a policy limit c a co - pay
Answer
Brief Explanations:
A deductible is the amount a policy - holder pays out - of - pocket before the insurance company starts paying for a claim. A policy limit is the maximum amount the insurance company will pay. A co - pay is a fixed amount the policy - holder pays for a covered service at the time of service.
Answer:
A. a deductible