Today we shall help you to get the solutions to "Amount the insured must first pay" crossword clue, please check out the best answer below:
Understanding Today's Crossword Puzzle
The clue "Amount the insured must first pay" leads us to the answer "DEDUCTIBLE". Let's break down the clue and see why this answer fits perfectly.
- Amount: This word suggests a numerical value or quantity.
- The insured: Refers to the person who has insurance coverage.
- Must first pay: Indicates that this payment is required before the insurance coverage kicks in.
By putting these components together, we can understand that the answer needs to be a term related to an initial payment made by the insured. In the realm of insurance, the term "DEDUCTIBLE" precisely fits this description.
A deductible is the amount of money that an insured individual must pay out of pocket before the insurance company starts covering the remaining costs. This concept is common in various types of insurance, including health insurance, car insurance, and home insurance.
Here's an example to illustrate how the answer aligns with the clue:
- Let's say you have car insurance with a $500 deductible.
- If you get in an accident and the repairs cost $2,000, you will be responsible for paying the first $500 (the deductible), while the insurance company will cover the remaining $1,500.
The word "DEDUCTIBLE" accurately reflects the idea of an initial payment that the insured must make before the insurance coverage becomes effective. It signifies an essential part of insurance policies and enhances our understanding of the crossword clue.
Definition of "DEDUCTIBLE"
able to be deducted, especially from taxable income or tax to be paid
Example :The Crossword clue "Amount the insured must first pay" published 1 time/s & has 1 answer/s.
| Crossword | Date | Answer |
| Premier Sunday – King Feature Syndicate | 26 November 2017 | DEDUCTIBLE |
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