Definitions for "Disappearing Deductible"
a unique feature that rewards drivers with a reduction on their deductible for a pre-determined claim-free period, therefore after a set amount of time with a clean driving record the deductible will disappear completely
An insurance policy where losses below a certain amount are excluded. Those above a certain amount are paid in full and those in between are paid a multiple of the loss.
uses a formula whereby the deductible applies in small losses and is gradually reduced as the size of the loss increases, so that in larger losses the insurance pays the loss in full.