Deductible Waiver (Insurance & Financial Protection) - Definition, Examples, Advice | Bolder Money

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Definition

An option that removes the deductible requirement for certain claims. It makes accessing benefits easier during tough times.

What to consider

Plan to avoid gaps during policy transitions.
Review start and end dates carefully.
Consider bridge coverage if necessary.

Real world scenarios

After switching insurers, John experienced a coverage gap that left him uninsured for two weeks.
A patient discovered a coverage gap between the expiration of one policy and the start of another.
An employer's group plan had a temporary coverage gap during the transition period.

Related terms

Insurance & Financial Protection

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