What about deductible?
What about deductible?
The deductible is set under certain types of coverage – most often under losses dealing with bonds, and is applicable to indemnity of damages of the company itself. The deductible amount and its application is stipulated by the individual contractual conditions, as well as its presence is required by large insured amounts and reinsurance. The deductible is not applicable to coverage expenses and directors' protection from direct risks
