Question

    An excess is another word for:

    A Franchise Correct Answer Incorrect Answer
    B Warranty Correct Answer Incorrect Answer
    C Deductible Correct Answer Incorrect Answer
    D Exclusion Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    An excess, also known as a deductible, is the amount the insured is responsible for paying before the insurance company starts to pay for a claim.

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