Plain-English meaning
A deductible that generally resets for each policy year and is applied across eligible claims during that year.
Why the exact wording matters
Record the policy-year dates and how much of the deductible has already been satisfied before estimating a later claim.
Where to verify it
- Definitions section
- Coverage or insuring agreement
- Exclusions
- Benefit or limit schedule
- Claims section
- State endorsement when applicable
Write this down when comparing policies
| Field | Policy A | Policy B |
|---|---|---|
| Annual Deductible | ||
| Where defined | ||
| What changes a claim | ||
| Question for the carrier |