Question

is the term used used to represent the portion of a catastrophic financial loss that must be covered by th insured before the insurance coverage provides any compensation for the loss

Answer 1

Answer:

insurance deductible

Explanation:

An insurance deductible is a term that refers to an amount of money that an insured individual or business must pay when he files a claim so before the insurance company starts to pay the rest of the value of the claim. The insurance deductible must be specified in the insurance policy.