Which type of policy typically has a deductible amount that must be met before it pays for a loss?

Health insurance policies typically include a deductible that must be met before the insurer begins to pay for covered medical expenses. The deductible represents the amount of money the insured must pay out-of-pocket for health care services before the insurance coverage kicks in. For instance, if a health insurance policy has a deductible of $1,000, the insured will need to pay the first $1,000 of their medical bills before the insurance company starts to pay for further expenses.

In contrast, life insurance generally provides a death benefit payable to the beneficiaries upon the death of the insured, and it does not involve deductible amounts since it is not tied to ongoing services or the cost incurred by the insured. Auto insurance and property insurance may include deductibles, but the question specifically points to the typical scenario in health insurance policies where deductibles are most commonly associated with the coverage structure. This makes health insurance the most fitting answer, as it aligns with the standard practices in the industry regarding deductible amounts.