Before Shelly's insurance will pay for her loss, she has to pay a small amount toward the loss. This amount is known as:

Before Shelly's insurance will pay for her loss, she has to pay a small amount toward the loss. This amount is known as:


a. Primary insurance

b. Limit of liability

c. Excess insurance

d. The deductible


Answer: D

Comments

Popular posts from this blog

In insurance,

Jim has been arrested for drunk driving. In order to be allowed out of jail before his court date, Jim will most likely need: