289
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 289 • Career Explorations A

Most often, an insurance deductible must be fulfilled

Answer
A
when sharing the cost of a payout.
B
before insurance payouts begin.
C
when signing up for an insurance plan.
D
after a company has paid a claim.

Explanation

A deductible is the amount the insured person must pay toward covered costs before the insurance company starts paying. For example, with a $500 deductible, you generally pay the first $500 of a covered claim, so the correct choice is “before insurance payouts begin.”

AI-written and checked against the verified answer.

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