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In property insurance, a deductible is the amount that an insured individual is responsible for paying before the insurance company covers the remaining cost of the claim. In an inverse deductible, also known as a disappearing deductible, the amount decreases as the loss increases. This means that at a certain point, the deductible will no longer apply, providing greater coverage for the insured individual. This can be beneficial in situations where the loss is significant, as it allows for a lower out-of-pocket expense for the insured. However, it's important to carefully consider the deductible amount when choosing a policy, as a lower deductible typically results in a higher premium.
