Franchise Deductible


Definition of "Franchise deductible"

Melanie Chadwell Norris real estate agent
Melanie Chadwell Norris, Real Estate Agent RE/MAX ALL PROS - Tampa/Valrico

Stipulation that no claim will be paid until a loss exceeds a flat dollar amount or a given percentage of the amount of insurance in force. After the loss exceeds this dollar amount or percentage amount, the insurance company pays 100% of the claim loss.

 

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