A deductible that progressively fades away as the loss amount grows bigger. A deductible of $50 to $500 is progressively reduced, and losses that equal $500 are fully covered.
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Apr 20, 2011 ... No one else may listen when you brag about your perfect driving record, but your car insurance company is all ears.
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disappearing deductible - A formula deductible that decreases as the amount of loss increases and disappears entirely to provide full coverage when the loss ...
- Disappearing Deductible: Definition from Answers.com
Disappearing Deductible In property insurance, amount that an insured does not have to pay when a loss exceeds a predetermined sum; here the insurance.
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Definition of disappearing deductible: Insurance policy which does not pay any claim below a certain limit, but pays in full (without any deduction) if the claim is ...
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Jun 30, 2011 ... Allstate's and Nationwide's TV commercials advertise the benefits of a disappearing deductible; however, they fail to mention you have to ...
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- disappearing deductible - Business Definition
disappearing deductible definition: The portion of any loss or expense normally required of a policyholder that is reduced or eliminated under certain conditions.
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Definition of DISAPPEARING DEDUCTIBLE: A DEDUCTIBLE on an INSURANCE contract that the INSURED is not obligated to cover if losses exceed a ...