Deductible Fields for Layers

Financial terms layer deductible fields supported by Touchstone.

The following table lists the Touchstone deductible-related fields for layers and identifies the effect that each Layer Deductible Type has on these fields:


Deductible-Related Fields for Layers	Effects of Layer Deductible Type
Deductible-Related Fields for Layers	AP-Attachment Point	B - Blanket Deductible	FR - Franchise Deductible	MA - Maximum Deductible Amount	MI - Minimum Deductible Amount	MM - Minimum and Maximum	PL - Percent of Loss	N - No Deductible
Deductible 1	Field represents a monetary value, expressed as a value greater than or equal to 1.	Field represents a monetary value, expressed as a value greater than or equal to 1.	Field represents a monetary value, expressed as a value greater than or equal to 1.	Field is not required.	Field represents a monetary value, expressed as a value greater than or equal to 1.	Field represents a monetary value, expressed as a value greater than or equal to 1. This value must be less than Deductible 2.	Field represents a percentage, expressed as a value less than or equal to 1.	Field is not required.
Deductible 2	Field is not required.	Field is not required.	Field is not required.	Field represents a monetary value, expressed as a value greater than or equal to 1.	Field is not required.	Field represents a monetary value, expressed as a value greater than 1. This value must be greater than Deductible 1.	Field is not required.	Field is not required.