<human>:  What does it mean to have an insurance deductible?
<bot>: An insurance deductible is the set amount of money that an insurance policy holder is required to pay in the event of a claim before the insurance company will start to make payments or reimbursements to cover the remaining costs. The insurance policy holder is responsible for paying the set amount first before the insurer will make payments toward the remainder of any cost incurred due to a claim.