A homeowner has a $1,000 deductible and suffers a covered $6,000 loss. How much will the insurer pay?

解析

A deductible is the portion of a covered loss the insured pays before the insurer pays. With a $1,000 deductible on a $6,000 loss, the insured absorbs $1,000 and the insurer pays the remaining $5,000. Deductibles lower premiums and discourage small claims by giving the insured a financial stake in each loss.