The insurance deductible is the minimum payment amount for insurance compensation. It is also called the deductible fee. For example, the deductible is $1,000 CAD. If the user rents a vehicle and collides during the rental period, if the cost of the collision is less than $1,000 CAD, it will be charged by the user is responsible for this cost; if the cost is greater than $1,000 CAD, the insurance company will pay for the part exceeding $1,000 CAD.