| Login | Sign Up
Highlighted
Contributor
Posts: 27
Registered: ‎23-08-2017

What is a deductible in travel Insurance? Why is this necessary?

What is a deductible in travel Insurance? Why is this necessary?

1 REPLY 1
Highlighted
Contributor
Posts: 35
Registered: ‎12-07-2017

Re: What is a deductible in travel Insurance? Why is this necessary?

Deductible means a cost-sharing requirement under this travel insurance policy that provides that the insurer will not be liable for a specified monetary amount or for a specified number of days / hours which will apply before any benefit are payable by Insurer. A deductible does not reduce the Sum Insured. A deductible is important as it makes you a co-owner of the policy, by taking up a certain portion of the loss himself / herself.​