Layer Deductible Types
Financial layer deductibles supported by Touchstone.
The following table lists each deductible type that applies to layers, describes each of the deductible types, and identifies the financial term category (type) to which each deductible type belongs:
|
Deductible Type Code |
Deductible Type Description |
Term Type |
|---|---|---|
|
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 |
N/A |