What is the deductible called when only one deductible is applied if several family members are injured in the same accident?

The term for the deductible that applies when several family members are involved in the same accident and only one deductible is processed is known as the Common Accident Deductible. This type of deductible is specifically designed to prevent multiple deductibles from being applied for a single incident affecting multiple members of a family.

In situations where many family members may have claims resulting from the same event, applying a common accident deductible allows for a streamlined claims process and can help mitigate out-of-pocket expenses for the family as a whole. This is particularly beneficial in reducing the financial burden during incidents that may already be distressing and challenging.

The other terms refer to different concepts. For instance, a family maximum deductible is typically a cap on the total amount that a family will pay in deductibles, which is not limited to just one incident. An aggregate deductible usually refers to a total deductible amount that must be met collectively for all covered individuals within a specific period, rather than being tied to individual incidents. An individual deductible is a set amount that each insured person must pay for their own claims before insurance begins to pay, which is not applicable in this context of a shared incident.