What Are the General Limits or Floors Placed on Deductible

question 82

Essay

What are the general limits or floors placed on deductible personal casualty losses?

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Definitions:

Diagnosis Increase

Refers to the rise in the number of cases identified or diagnosed, which may be due to better awareness, improved diagnostic methods, or an actual increase in incidence.

Awareness

The state or condition of being conscious of something, including self-awareness, situational awareness, and awareness of others' emotions and states.

Specific Learning Disorder

A type of neurodevelopmental disorder that affects a person's ability to learn, utilize, and skill-up in a specific academic area like reading, writing, or math.

Neurodevelopmental Disorder

A broad category of disorders that affect brain development and function, leading to atypical cognitive, social, or motor skills.