Deductible

The deductible is the amount you are required to pay out of pocket before your insurance covers the rest. For example, if you have a claim of 1,000 euros and a deductible of 200 euros, you will pay 200 euros, and the insurance will cover the remaining 800 euros.

For residents in Germany or Austria, it is crucial to know the amount of your deductible in your insurance policy, as it affects your costs in case of a claim. Common mistakes include overlooking the deductible or misunderstanding how it impacts your premium. Note that § 95 VVG (Insurance Contract Act) contains regulations regarding deductibles.

Related documents on DokBrief:

• Widerspruch gegen Krankenkasse Ablehnung — reason for appeal against denial of benefits.