deductible clause

noun
a clause in an insurance policy stipulating that the insured will be liable for a specified initial amount of each loss, injury, etc., and that the insurance company will be liable for any additional costs up to the insured amount.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To deductible clause
Explore Dictionary.com
Previous Definition: deductible
Next Definition: deductible-clause
Words Near: deductible clause
More from Thesaurus.com
Synonyms and Antonyms for deductible clause
More from Reference.com
Search for articles containing deductible clause
Dictionary.com Word FAQs

Dictionary.com presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Example sentences
The deductible clause does not apply to loss of use coverage.
Its purpose is to indemnify in instances where there is a deductible clause in purchased insurance or in cases of self-insurance.
Such bond may contain a deductible clause in an amount to be approved by the director.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature