Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Coverage is provided under CP 00 10 04/02, special cause of loss form. There are 36 premises on the policy, all providing business income only coverage with extra expense coverage. BI/EE coverage with rents Form is CP 00 30 04 02 .Applicable deductible, per the Property Declarations page is $1,000.  

Insured has a covered loss to which we have applied the $1,000 deductible. However, the agent is contesting application of the deductible stating only the 72 hour waiting period should apply as a deduction. The BI/EE form does not mention a deductible, though the CP 00 10 04 02, does and the $1,000 deductible is spelled out on the Property Declarations page. Your thoughts?

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.

  • Access the most current expert analysis and daily developments across jurisdictions
  • Solve complex research issues with expert tools and intelligence
  • Tap into insurance coverage expert guidance

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

ICLC Staff Writer


Copyright © 2022 ALM Global, LLC. All Rights Reserved.