What is DISAPPEARING DEDUCTIBLE?

A DEDUCTIBLE on an INSURANCE contract that the INSURED is not obligated to cover if losses exceed a particular threshold. If the threshold is breached the INSURER pays the insured a CLAIM that includes the original amount of the deductible, causing it to

More On This Topic



Link to This Definition
Did you find this definition of DISAPPEARING DEDUCTIBLE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary