Min-max deductible policy
This function enables you to set as a detailed loss analysis default whether to apply former or revised min-max deductible logic. This flexibility enables you to calculate the deductible with or without the application of location terms. Users can override the default when configuring a detailed loss analysis.
Geospatial Analysis currently uses the former logic, not the revised logic.
Min-max deductibles are available at the sublimit and layer level, for use with location deductibles. They enable insurers to impose a restriction at the sublimit/policy level so that either the location deductibles or the min/max deductible will be applied.
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Parameters and Buttons |
Description |
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Use these buttons (when applicable) and the parameters below to set the default min-max deductible policy. |
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Former Min-Max Logic |
Uses an earlier logic. |
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Revised Min-Max Logic |
Uses a revised logic . |