Deductible Reimbursement

Plain English Definition: Deductible Reimbursement refers to the process where an insurance company pays back the policyholder for their deductible expenses.

What Deductible Reimbursement really means for someone with an insurance policy

This means if you have to pay out-of-pocket costs before your insurance coverage kicks in, you may be eligible to get those expenses reimbursed if specified in your policy.

Deductible Reimbursement Real World Examples

• Your health insurance reimburses you for the $500 deductible you paid for surgery.
• Your auto insurance pays back the $1,000 deductible after an accident claim.
• A travel insurance policy refunds your trip cancellation deductible.