Deductible reduction incentive provisions

Term · Insurance and risk management · MLC-T-INS-001092

Policy features that offer a reduction in the deductible amount if the insured meets certain conditions, such as remaining claim-free for a specified period or implementing specific risk mitigation measures. These provisions encourage policyholders to practice good risk management and can reward them with lower out-of-pocket costs in the event of a claim. They are often found in auto or homeowners policies.

Table 1. Record
Identifier	MLC-T-INS-001092
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001092",
  "term": "Deductible reduction incentive provisions",
  "field": "Insurance and risk management",
  "definition": "Policy features that offer a reduction in the deductible amount if the insured meets certain conditions, such as remaining claim-free for a specified period or implementing specific risk mitigation measures. These provisions encourage policyholders to practice good risk management and can reward them with lower out-of-pocket costs in the event of a claim. They are often found in auto or homeowners policies.",
  "url": "https://mlchart.com/terminology/insurance/deductible-reduction-incentive-provisions/"
}

Record 903 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.