Saskatchewan Driver Education GDL Class 7 Learner Practice Test

What is a deductible in the context of license plate insurance?

discount for safe drivers Monthly insurance payment Amount paid before insurance covers the remaining costs Yearly insurance renewal fee

Correct Answer:

Amount paid before insurance covers the remaining costs

Explanation:

A deductible in the context of license plate insurance refers to the amount that the insured person is responsible for paying out of pocket before their insurance coverage kicks in. This means that if an accident or incident occurs, the insured person must pay the deductible amount before the insurance company will cover the remaining costs. Options A and D are incorrect because they do not refer to the concept of a deductible. Option B is incorrect because the monthly insurance payment is not related to a deductible, but rather the overall cost of insurance coverage. It is important for drivers to understand their deductible amount so they are prepared to cover it in the event of an accident.

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