Minggu, 01 September 2013

SINGLE DEDUCTIBLE CLAUSE

It is hereby noted and agreed that in the event of an incident giving arise to a claim, which involves more than one property insured and such properties are situated in the same building, one deductible will only be applied.
Furthermore, it is hereby note and agreed that if there is any other policy covering the properties of the Insured at the location stated in this policy, then for the purpose of applying deductibles, the policies shall be considered to be running in conjunction with each other and that only a single deductible shall be applied in the aggregate where more than one policy are involved at the location.

OPTION 2
It is hereby noted and agreed that the objects insured by this policy are in accumulation with the object insured under policy number XXXXXXXXXXXXX and for the purpose of applying the deductibles shall be considered to be running in conjunction with each other and that only a single deductible shall be applied in the aggregate where more than one policy is involved at the location.
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