Many insurance policies reimburse losses only beyond what threshold?

A deductible is the correct answer because it represents the amount that the policyholder must pay out-of-pocket before the insurance company begins to reimburse for a covered loss. Deductibles are a common feature in many insurance policies, including property insurance, and they help to reduce the insurer's risk by requiring policyholders to share part of the financial burden of a loss.

For instance, if a homeowner experiences a loss due to property damage and has a deductible of $1,000, they will need to cover the first $1,000 of the loss themselves. Any amount above that deductible would be eligible for reimbursement by the insurance company according to the policy's terms.

The other options represent different concepts within insurance policies. Co-insurance involves a shared cost arrangement between the insurer and the insured after the deductible is met, premium minimum refers to the minimum amount of premium that must be paid for the insurance coverage, and a policy cap is the maximum limit of coverage that an insurance policy will provide for a loss. None of these terms specifically describe the threshold that must be met before reimbursement begins, making deductible the only accurate choice.