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What is the difference between a deductible and a limit?

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6 votes

Answer:

if it didn't help I'm am STILL willing to!!! nice question.

What is the difference between a deductible and a limit?-example-1
User Woland
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4 votes

Answer:

When you meet your deductible, it means that you have paid the entire amount of your coverage's deductible, and your insurance will help cover the remaining costs of your covered claim, up to your coverage limit. You'll likely have multiple deductibles on the same insurance policy.

And limit or out of pocket max is the amount of money you will spend each year, including your co-insurance after you've hit your deductible amount.

User Anneblue
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