What is the deductible amount for torts noted in the context of insurance?

In the context of insurance, specifically regarding tort claims, the deductible amount often refers to the threshold that must be met before the insurance coverage begins to apply. The figure of $46,790.05 is significant because it represents the legal threshold for certain types of tort claims, especially in the realm of vehicle accidents or personal injury claims in Ontario, reflecting a specific regulation or standard that has been established.

Understanding this precise amount is essential for insurance brokers, as it directly impacts the financial liability assigned to the insured party and the insurance provider's obligations. This amount typically aligns with the structured compensation framework set out by provincial or federal guidelines, which dictate how damages are assessed and how insurance responsibilities are calculated.

The other amounts presented may be contextual, but they do not reflect the standardized deductible for tort claims recognized within the relevant legal framework. Thus, the correct amount accurately represents the established parameters that govern tort claims within insurance policies.