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Article: Great American Insurance Group Announces New Diminishing Deductible Endorsement.
- Article from:
- Insurance Weekly News
- Article date:
- March 6, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Property & Inland Marine Division of Great American Insurance Group announced the introduction of its Motor Truck Cargo Diminishing Deductible Endorsement. This no-premium endorsement rewards our insureds with excellent loss experience. An insured receives a 25% reduction in the original deductible amount for each loss free annual policy term, on both new and renewal policies. The deductible is reduced by an additional 25% for each successive loss-free annual policy term until the deductible amount is reduced to zero. After a loss, the original deductible amount is restored and maintained for subsequent losses in that policy period.
oOur team understands the ...