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What else can I help you with?
Is homeowner's deductible paid before work commences?
The company doing the work may require you to pay the deductible amount before they start doing the job.
Can I deduct monies paid to settle a lawsuit?
Not deductible on your income tax return unless the amount paid was to produce taxable income that was reported on your income tax return. Then a limited amount could be deductible on your income tax return.
Is a debenture tax deductible?
Yes, interest payments on a debenture are generally tax-deductible for the issuing company, as they are considered a business expense. However, the principal amount of the debenture is not tax-deductible. It's important to consult tax regulations in your jurisdiction, as rules can vary.
What is Applicable loss deductible of Perils mean?
The Applicable Loss Deductible of Perils refers to the amount that policyholders must pay out of pocket before their insurance coverage kicks in for specific risks or events. This deductible is applied to losses resulting from covered perils, such as fire, theft, or natural disasters. By having a deductible, insurers reduce the number of small claims and encourage policyholders to share in the risk. The specific amount and conditions can vary based on the insurance policy terms.
What is the abbreviation for deductible?
The common abbreviation for deductible is "ded." This abbreviation is often used in insurance and financial contexts to refer to the amount a policyholder must pay out of pocket before their insurance coverage kicks in.
Do Hospitals have a deductible?
Yes you usually have a deductible amount that you have to pay to the hospital.
How is deductible met?
When the insured/beneficiary (patient) pays the total deductible amount out of his own pocket. A deductible is the amount for which the patient is financially responsible before an insurance policy provides payment.
What is a deductible in auto insurance?
A deductible in any kind of insurance is, basically, the minimum amount before the insurance "kicks in." On any repairs covered by your insurance, you will have to pay the deductible amount before the insurance will pay anything.
What is the difference between a network and out-of-network deductible?
A network deductible is the amount you pay for covered services within a specific group of healthcare providers, while an out-of-network deductible is the amount you pay for services from providers not in that group.
Future mammograms will cost 30 percent of the Medicare approved amount with no Part B deductible true or false?
This is neither true nor false. There is no way to predict the exact cost and coverage of a future medical procedure.
How does your deductible work in home insurance?
The amount of a policy deductible on a homeowners insurance policy is chosen by the policyholder. Your policy deductible is the amount you are responsible for paying before the insurance company will payout for a claim. If you experience a loss to your dwelling or your personal property, your homeowners insurance policy deductible applies. The deductible does not apply to other coverages on the policy. If you experience a loss under your deductible, you will not be eligible for a payout. If your loss exceeds your deductible, your deductible will be deducted from your claims payout check.
What usually happens to the amount of the premium if the deductible is lower compared to a policy with a higher deductible?
The premium will generally increase.
What is the deductible amount for earthquake insurance coverage?
The deductible amount for earthquake insurance coverage is the amount of money you must pay out of pocket before your insurance policy starts to cover the costs of earthquake damage.
What are my options for Low Deductible Insurance?
A low deductible insurance policy simply means that, a low deductible, possibly $200 as compared to $2,000 which would be a high deductible. Often you are also given the option of choosing 80, 90 or 100% co-insurance. Co-insurance is the amount that the insurance company pays (after deductible) up to whatever is the maximum out of pocket amount.
What is voluntary deductible on car insurance policy?
The voluntary deductible is the amount of your deductible agreed too when you purchased your insurance coverage. It's considered voluntary because we can choose our deductibles. Of course, the lower the deductible, the higher the rate.
what is an deductible?
A deductible is the amount that the insured has agreed to pay before the insurer is obliged to pay anything on a covered claim. It can be considered to be an amount for which the insured has agreed to "self-insure". In general, there is a correlation between deductibles and premium, in that a higher deductible will correlate with a lower premium.
What is a deductible?
A deductible is the amount that you must pay out of pocket before the insurance company will start making payment.
