Which of the following is not included in insurance claim payments made by the insurer?

In insurance claim payments, policy deductibles are amounts that the policyholder must pay out of pocket before the insurance coverage kicks in. This means that when a claim is filed, the insurer will not cover the portion of the loss that is equal to the deductible. Thus, deductibles are not included in the payments made by the insurer after a claim is approved.

On the other hand, replacement costs, additional living expenses, and policy limits are integral parts of an insurance claim. Replacement costs refer to the amount it would take to replace damaged property with new property of like kind and quality, without deducting for depreciation. Additional living expenses are costs incurred when a policyholder cannot live in their home due to a covered loss, and the insurer typically reimburses these costs up to the policy’s limits. Lastly, policy limits define the maximum amount an insurer will pay for a covered loss under the terms of the policy, which outlines the coverage scope. All of these components are included in the claim payment process, making the deductible the only element that is not included in the insurance claim payments.