Deductible
Term · Insurance and risk management · MLC-T-INS-000057
The fixed amount of an insured loss that is the responsibility of the insured and that is incurred before any amounts are paid for the insured loss under the insurance policy.
| Identifier | MLC-T-INS-000057 |
|---|---|
| Field | Insurance and risk management |
| Subject | National Flood Insurance Program |
| References | FloodSmart Flood Insurance Glossary; FEMA Glossary |
Record as JSON
{
"id": "MLC-T-INS-000057",
"term": "Deductible",
"field": "Insurance and risk management",
"definition": "The fixed amount of an insured loss that is the responsibility of the insured and that is incurred before any amounts are paid for the insured loss under the insurance policy.",
"subject": "National Flood Insurance Program",
"references": [
"FloodSmart Flood Insurance Glossary",
"FEMA Glossary"
],
"url": "https://mlchart.com/terminology/insurance/deductible/"
}
Record 57 of 272 in Insurance and risk management terminology (MLC-0106). Request the full dataset.