Corridor deductible

Term · Insurance and risk management · MLC-T-INS-000988

A specific type of deductible that applies after an initial layer of insurance coverage has been exhausted but before a subsequent layer of coverage begins. It creates a gap in coverage where the insured is responsible for a certain amount of loss. This deductible is often found in major medical policies or excess insurance arrangements.

Table 1. Record
Identifier	MLC-T-INS-000988
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-000988",
  "term": "Corridor deductible",
  "field": "Insurance and risk management",
  "definition": "A specific type of deductible that applies after an initial layer of insurance coverage has been exhausted but before a subsequent layer of coverage begins. It creates a gap in coverage where the insured is responsible for a certain amount of loss. This deductible is often found in major medical policies or excess insurance arrangements.",
  "url": "https://mlchart.com/terminology/insurance/corridor-deductible/"
}

Record 788 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.