Min-Max Deductible Policy
The Min-Max Deductible Policy pane 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 Min-Max 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.
|
Parameters and Buttons |
Description |
|---|---|
|
Use these buttons (when applicable) and the parameters below to set the default min-max deductible policy. |
|
|
Former Min-Max Logic |
Uses the earlier logic (Touchstone 7.0 and earlier). |
|
Revised Min-Max Logic |
Uses the revised logic (Touchstone 8.0 and later). |