Deductibles

Why Use Deductibles?

 

  • Provides Greater Protection for your Premium Dollar on Catastrophic Losses if Insurance value is bought up.

  • Provides lower rates because the cost of adjusting small losses is avoided.

 

Deductible Options

 

Code Type Alberta Manitoba Saskatchewan
F/C Full Coverage 100% 100% 100%
10D 10% Deductible Disappearing at 40% 85% 85% 85%
20D 20% Deductible Disappearing at 60% 65% 65% 65%
25S 25% Straight Deductible 50% 50% 50%
10IP 10% Deductible Increasing Payment 75% 75% 75%

 

Deductible Tables

The following tables show how each deductible works in detail.

 

10D Disappearing at 40%

 

% Loss

Deductible

=

LossPayable

5

10

=

0

10

10

=

0

15

10

=

5

20

10

=

10

25

10

=

15

30

10

=

20

31

9

=

22

32

8

=

24

33

7

=

26

34

6

=

28

35

5

=

30

36

4

=

32

37

3

=

34

38

2

=

36

39

1

=

38

40

0

=

40

 

10IP Deductible Increasing Payment after 70%

 

% Loss

Deductible

+

Increasing Payment

=

LossPayable

5

10

+

0

=

0

10

10

+

0

=

0

20

10

+

0

=

10

30

10

+

0

=

20

40

10

+

0

=

30

50

10

+

0

=

40

60

10

+

0

=

50

70

10

+

0

=

60

72

10

+

2

=

64

74

10

+

4

=

68

76

10

+

6

=

72

78

10

+

8

=

76

80

10

+

10

=

80

82

10

+

12

=

84

84

10

+

14

=

88

86

10

+

16

=

92

88

10

+

18

=

96

90

10

+

20

=

100

 

20D Deductible Disappearing at 60%

 

% Loss

Deductible

=

LossPayable

5

20

=

0

10

20

=

0

15

20

=

0

20

20

=

0

25

20

=

5

30

20

=

10

35

20

=

15

40

20

=

20

42

18

=

24

44

16

=

28

46

14

=

32

48

12

=

36

50

10

=

40

52

8

=

44

54

6

=

48

56

4

=

52

58

2

=

56

60

0

=

60

 

25S Straight Deductible

 

% Loss

Deductible

=

LossPayable

5

25

=

0

10

25

=

0

15

25

=

0

20

25

=

0

25

25

=

0

30

25

=

5

35

25

=

10

40

25

=

15

45

25

=

20

50

25

=

25

55

25

=

30

60

25

=

35

65

25

=

40

70

25

=

45

75

25

=

50

80

25

=

55

85

25

=

60

90

25

=

75

95

25

=

75

100

25

=

75