# Insurance Deductible Amount

**IRI:** https://folio.openlegalstandard.org/R8RnHOTDaEMDMEljV8FG18J

## Labels

## Definition

An insurance deductible amount, in the context of legal matters, is the portion of a covered loss that the insured party is responsible for paying before the insurance company's coverage begins.

## Sub Class Of

- https://folio.openlegalstandard.org/RNoW92yXeKjoc34E3HzcI1

**Deprecated:** False