MLchartDataset catalogue

Per-loss deductible

Term · Insurance and risk management · MLC-T-INS-002551

The amount of a covered loss that the policyholder must pay for each individual claim or occurrence before the insurer begins to pay. This deductible applies separately to every loss event, rather than cumulatively over a policy period. It is a common feature in property and casualty insurance, reducing the number of small claims filed and lowering premiums.

Table 1. Record
IdentifierMLC-T-INS-002551
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002551",
  "term": "Per-loss deductible",
  "field": "Insurance and risk management",
  "definition": "The amount of a covered loss that the policyholder must pay for each individual claim or occurrence before the insurer begins to pay. This deductible applies separately to every loss event, rather than cumulatively over a policy period. It is a common feature in property and casualty insurance, reducing the number of small claims filed and lowering premiums.",
  "url": "https://mlchart.com/terminology/insurance/per-loss-deductible/"
}

Record 2,580 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.