Following catastrophic hurricane losses,South Coast Insurance Company changed its deductible provision.Rather than using a specified dollar value,$250 for example;the dollar value of the deductible increases with the size of the loss.The type of deductible that South Coast changed to is called a(n)

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The type of deductible that South Coast changed to is a percentage deductible, where the dollar value of the deductible increases with the size of the loss.

Following Catastrophic Hurricane Losses,South Coast Insurance Company Changed Its Deductible