Matching deductible

Term · Insurance and risk management · MLC-T-INS-002139

A deductible structure in property insurance where the deductible amount for a specific peril, such as windstorm or hail, is set to match the deductible for other perils covered by the policy. This approach simplifies policy administration and can provide clarity for policyholders regarding their out-of-pocket expenses. It contrasts with separate, higher deductibles often applied to specific catastrophic perils.

Table 1. Record
Identifier	MLC-T-INS-002139
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002139",
  "term": "Matching deductible",
  "field": "Insurance and risk management",
  "definition": "A deductible structure in property insurance where the deductible amount for a specific peril, such as windstorm or hail, is set to match the deductible for other perils covered by the policy. This approach simplifies policy administration and can provide clarity for policyholders regarding their out-of-pocket expenses. It contrasts with separate, higher deductibles often applied to specific catastrophic perils.",
  "url": "https://mlchart.com/terminology/insurance/matching-deductible/"
}

Record 2,117 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.