MLchartDataset catalogue

Wind or hail deductible

Term · Insurance and risk management · MLC-T-INS-003539

A specific deductible applied to property insurance claims resulting from damage caused by windstorms or hail, separate from the standard 'all perils' deductible. This deductible is often expressed as a percentage of the dwelling's insured value, such as 1% or 2%, rather than a fixed dollar amount. It is common in coastal regions and areas prone to severe weather events.

Table 1. Record
IdentifierMLC-T-INS-003539
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-003539",
  "term": "Wind or hail deductible",
  "field": "Insurance and risk management",
  "definition": "A specific deductible applied to property insurance claims resulting from damage caused by windstorms or hail, separate from the standard 'all perils' deductible. This deductible is often expressed as a percentage of the dwelling's insured value, such as 1% or 2%, rather than a fixed dollar amount. It is common in coastal regions and areas prone to severe weather events.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/wind-or-hail-deductible/"
}

Record 3,653 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.