MLchartDataset catalogue

Aggregate deductible

Term · Insurance and risk management · MLC-T-INS-000366

A type of deductible that applies to the total amount of all covered losses incurred during a specified policy period, rather than to each individual loss. The insured pays all losses up to this cumulative amount, after which the insurer begins to pay. This deductible is common in commercial policies and self-insured retention programs.

Table 1. Record
IdentifierMLC-T-INS-000366
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000366",
  "term": "Aggregate deductible",
  "field": "Insurance and risk management",
  "definition": "A type of deductible that applies to the total amount of all covered losses incurred during a specified policy period, rather than to each individual loss. The insured pays all losses up to this cumulative amount, after which the insurer begins to pay. This deductible is common in commercial policies and self-insured retention programs.",
  "url": "https://mlchart.com/terminology/insurance/aggregate-deductible/"
}

Record 100 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.