Multiple Choice
What is the purpose of a deductible in the context of an insurance policy?
A) Risk of loss is shared between the insurer and insured.
B) Certain types of losses are excluded from coverage.
C) The insurer is entitled to deduct defence costs from its payout to the insured.
D) The amount of the insurance proceeds is reduced if the insured is partly at fault.
Correct Answer:
Verified
Correct Answer:
Verified
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