Insurance Terms

Deductible

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The amount of money you must pay out-of-pocket before your insurance coverage begins to pay.

In Personal Injury Cases

If you file a claim under your own collision coverage, you'll pay the deductible first. If you recover from the at-fault party, you may be able to recover your deductible as well.

Related Legal Terms

Premium

The amount of money paid to an insurance company for coverage, typically on a monthly or annual basis.

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