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| безусловная вычитаемая франшиза (A deductible should not be confused with a franchise. Where a deductible represents a part of the expense the insurer is not liable for, the franchise is a pure threshold that, when exceeded, transfers liability for the entire expense to the insurer. For example, with a franchise of $20,000 a claim of $19,900 is borne entirely by the policyholder and a claim of $20,500 is borne entirely by the insurer. WAD SergeyL) | |||
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unconditional franchise : 2 phrases in 1 subject |
| Insurance | 2 |