Indexed deductible
Term · Insurance and risk management · MLC-T-INS-001813
A deductible amount in an insurance policy that is adjusted periodically based on changes in an economic index, such as the Consumer Price Index. This adjustment maintains the real value of the deductible over time, preventing inflation from eroding its impact on risk sharing. It is commonly found in long-term property or liability policies.
| Identifier | MLC-T-INS-001813 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001813",
"term": "Indexed deductible",
"field": "Insurance and risk management",
"definition": "A deductible amount in an insurance policy that is adjusted periodically based on changes in an economic index, such as the Consumer Price Index. This adjustment maintains the real value of the deductible over time, preventing inflation from eroding its impact on risk sharing. It is commonly found in long-term property or liability policies.",
"url": "https://mlchart.com/terminology/insurance/indexed-deductible/"
}
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