The portion of the loss covered by insurance that the policyholder must pay himself or herself; the amount appears on the policy. If a policy has a $1,000 deductible, the policyholder would pay the first $1,000 of any repair bill and the insurance company would pay the balance up to the policy limits.
Termes des contrats d’assurance qui imposent des obligations que doit satisfaire la personne assurée afin de préserver sa protection.