Question

Which of these is a common deductible on a motor carrier's insurance certificate?

1) Collision deductible
2) Comprehensive deductible
3) Liability deductible
4) Medical payments deductible

Answer 1

Deductibles are a common feature in motor carriers' insurance certificates and they help determine the amount a motor carrier must pay before the insurer provides coverage for specific types of claims.

Step-by-step explanation:

Deductibles are a common feature in motor carriers' insurance certificates. a deductible is the maximum amount that the policyholder must pay out-of-pocket before the insurance company covers the remaining expenses. When it comes to a motor carrier's insurance certificate, the common deductible options typically include the collision deductible, comprehensive deductible, liability deductible and medical payments deductible. these deductibles help determine the amount the motor carrier must pay before the insurer provides coverage for specific types of claims.