straight deductible

Definition of "straight deductible"
  1. A fixed monetary value that must be met before insurance benefits become payable
How to use "straight deductible" in a sentence
  1. After paying the straight deductible, the insurance company will cover the rest of the repair costs.
  2. The straight deductible is a set amount each policyholder must pay before insurance coverage starts.
  3. Each time a claim is filed, a straight deductible is applied before reimbursements are made.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z