Layer Deductible Types |
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 |
Attachment Point |
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Blanket Deductible |
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Franchise Deductible |
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Maximum Deductible Amount |
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Minimum Deductible Amount |
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Minimum and Maximum |
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Percent of Loss |
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No Deductible |
N/A |
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