The practice of having a deductible in insurance has always been routine. Most people are familiar with the idea that the deductible car / auto insurance them, although this is sometimes referred to as excess. Most major trends marine insurance and other types of property and casualty insurance will also have a points deduction in standard insurance policies.

The idea behind the deductible is actually twofold. The first is to have a small amount either in cash terms and as a proportion of the total sum insured policyholder but if all requirements. The idea behind this is that the policyholder has the level of financial and real in any claim they make and is likely to be focused on what the claim is and what it means to them and the insurance company.

Second, the deductible has slightly more exploited from the perspective of the insurance company, so that it cuts out the need to pay claims for relatively small sums, which would actually cost them more in terms of management and processing fees than the level requirement itself.

In addition, many insurance companies willing to link the level of deductible or excess with the amount of premium paid, the idea is that a higher deductible or risk policyholder is ready to accept, with the deductible, the insurance company will reduce premiums accordingly.

While these principles hold true policies and programs insurance, deductible health insurance policies is another animal entirely. Cash sums involved in deductible health insurance are usually significantly more proportionally than they would be in other types of insurance.

In addition there are likely to be different levels of risk in health insurance policy concern both in and out of network providers, it is likely to be different deductible for an individual and their families.

Deductions are also affected by the health insurance policy with other payments that the policyholder must be done by other payments and expenses. There are several insurance companies that offer rebates of deductions if they are not used by the policyholder.

This is a similar principle to the idea of ??a no claims bonus which is used widely in car / auto insurance, and is starting to get some credible plans and health insurance policies.

Deductibles are used much more widely in the policies of health insurance as a way to minimize the amount of money that the insurance company pays by claim they are in other types of insurance. This in part is because health insurance is much more tightly controlled.