A disappearing deductibleA disappearing deductible is a dollar amount deducted from the amount of loss which is reduced as the loss increases and disappears entirely to provid... More is a dollar amount deducted from the amount of loss which is reduced as the loss increases and disappears entirely to provide full coverage when the loss reaches a certain specified figure. Deductible amounts vary from $500.00 to $5,000.00, and the limit at which the deductible disappears is usually between $5,000.00 and $25,000.00. Disappearing DeductibleA disappearing deductible is a dollar amount deducted from the amount of loss which is reduced as the loss increases and disappears entirely to provid... More plans are principally associated with fire policies which thus qualify for reduced rates.