What is an insurance deductible?
user
A deductible is a fixed amount of money that you must pay before the insurance pays its share of a bill.  It is typically added to a monthly bill to make it an even more attractive price for you to use.
assistant
So it is what you pay out of pocket before the insurance kicks in?
user
Yes, that’s right.
assistant
Is it usually a lot of money?
user
It depends on the type of insurance. For insurance against a big risk, like an auto accident or fire, deductibles can be very high, up to a few thousand dollars. For insurance to cover the usual day-to-day bills and expenses, deductibles tend to be much lower, like $100 to $300, depending on your insurance provider.
assistant
What is an insurance deductible?
user
A deductible is a fixed amount of money that you must pay before the insurance pays its share of a bill.  It is typically added to a monthly bill to make it an even more attractive price for you to use.
assistant
So it is what you pay out of pocket before the insurance kicks in?
user
Yes, that’s right.
assistant
Is it usually a lot of money?
user
It depends on the service and the insurance.
assistant
What is an insurance deductible?