Mark asks his financial advisor to explain what a deductible is and why it is included in his insurance contract. Which of the following statements is FALSE? a) The deductible is the fixed amount of a claim that the insured must pay from his pocket. O b) Deductibles keep insurance costs down by increasing the number of small claims. c) Deductibles encourage policy holders to be more careful with their property. d) Deductibles discourage frivolous claims