First dollar coverage

Term · Insurance and risk management · MLC-T-INS-001529

An insurance policy feature where the insurer pays for covered losses from the very first dollar of expense incurred, without any deductible or waiting period. This means the policyholder does not bear any initial out-of-pocket costs for covered claims. It contrasts with policies that include deductibles, coinsurance, or copayments.

Table 1. Record
Identifier	MLC-T-INS-001529
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001529",
  "term": "First dollar coverage",
  "field": "Insurance and risk management",
  "definition": "An insurance policy feature where the insurer pays for covered losses from the very first dollar of expense incurred, without any deductible or waiting period. This means the policyholder does not bear any initial out-of-pocket costs for covered claims. It contrasts with policies that include deductibles, coinsurance, or copayments.",
  "url": "https://mlchart.com/terminology/insurance/first-dollar-coverage/"
}

Record 1,409 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.