Pre-claim advice credit

{
  "id": "MLC-T-INS-002623",
  "term": "Pre-claim advice credit",
  "field": "Insurance and risk management",
  "definition": "A reduction in the deductible or premium offered by some insurers when policyholders seek and follow advice from the insurer before formally filing a claim. This incentive encourages early intervention and risk mitigation, potentially reducing the overall cost of a claim. It is often seen in professional liability or cyber insurance policies.",
  "url": "https://mlchart.com/terminology/insurance/pre-claim-advice-credit/"
}