The deductible is the term used to describe the dollar amount of a physical damage claim paid by the policyholder.
Generally, methods of calculating the basic limits specified in Parts B through D of the Homeowners Policy include multiplying the Part A limits by 10%, 50%, or 10-20% respectively.
A damaging event occurs unexpectedly or intentionally, usually at a specific time and place. Accelerated Death Benefit:
Physical Damage means damage to or loss of equipment caused by collisions or falls. Major damage such as B. Does not include equipment damage or loss due to theft, vandalism, natural disasters, riots or civil commotion, hail, flood or fire, or other extensive damage other than collision.
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