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The insurance company upon underwriting an insurance risk may offer the insured an alternatives regarding premium rate and policy excess ( deductibles ) as follows :-
deductibles high therefor low premium rate
and vise versa
High premium rate therefor low deductible
That is to say when premium rate increase deductible decrease and vise versa .
The choice between the two alternatives is optional depending on the insured interest.
Best wishes , and Happy New Year .
