Which of the following describes a split deductible?

The concept of a split deductible pertains to insurance policies where the deductible amount can vary depending on the specific cause of loss. This means that instead of applying a single, uniform deductible to all types of claims, the insurer allows for different deductible amounts depending on the nature of the event that leads to a claim. For example, losses due to standard risks might have one deductible, while those resulting from certain perils—like fire or theft—could carry another, potentially higher or lower, deductible amount. This approach enables insurers to tailor the financial responsibilities of the policyholder based on the risk profile associated with different causes of loss.

The other options do not capture the essence of what a split deductible is. A standard deductible for all losses implies consistency, which contrasts with the variability inherent in a split deductible. Similarly, a uniform deductible across all policy types suggests no differences based on risk, which is not the case with split deductibles. Lastly, designating a special deductible for natural disasters alone would indicate a focus on a specific peril rather than the broader application of varying deductibles based on various causes of loss.