In insurance, there are deductibles ranging from 1 10,000 to 30,000, which means that the insurance company and the insured have an agreement in advance. If the loss is within the specified amount, ranging from 1 10,000 to 30,000, the insured shall bear the loss by himself. The insurance company is not responsible for the insured amount, and it will only bear it if it exceeds the agreed deductible.
For more information about deductible, you can poke: What is deductible? Is the deductible as small as possible?