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Does the amount of deductible (or excess) affect the level of premium which the insured must pay?

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 Does the amount of deductible (or excess) affect the level of premium which the insured must pay?

asked Oct 11, 2012 in Risk and Insurance by BuiltIntelligence (870 points)  

1 Answer

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Best answer

Yes. A higher deductible will decrease the level of premium which the insured must pay and vice versa.

answered Oct 11, 2012 by BuiltIntelligence (870 points)  
edited Nov 9, 2012 by Rob Glasspool