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Last Post 09/29/2009 7:25 AM by okclarryd

Coverage C Deductible

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steph9176

Guest
Posts:38

09/27/2009 11:36 AM
OK, I'm going to ask a dumb question. I have not dealt with property in a very long time. I'm a worker's comp adjuster. My boyfriend's home was burglarized a couple of weeks ago. I looked at his dec page and it makes no sense to me. Does the 1% deductible (1% of the entire home) apply to the contents that were stolen? Or is it 1% of what he is claiming? Don't throw any fruit at me or anything. Steph Worker's Comp Adjuster who hasn't read a property policy in 2 1/2 yrs

Ol' Ghost

Member
Posts:279

steph9176

Guest
Posts:38

09/27/2009 3:19 PM
Oh sorry, we are in Texas. It's an "all risk" policy. (no such thing as a real all risk policy, just a pretty word)

Ray Hall

Senior Member
Posts:2443

09/27/2009 5:57 PM
Steph the Ded comes of the Gross loss, so if A, B, D was not involved it all falls to 1% of the A coverage on C loss.. A, B, C and D are in section one and the Ded is always on the A coverage. SO coverage C has a lot of limitations money, rugs etc etc. Figure the whole loss ACV and take the 1% of A off the loss. and sometimes the deductible will disappear.

Tim_Johnson
Member

Member
Posts:243

09/28/2009 7:06 AM
Most of the Texas all risk policies carry a 1% wind and hail deductible and a $250 or $500 ded. on everything else Tim Johnson

HuskerCat

Veteran Member
Posts:762

09/29/2009 12:33 AM
The percentage deductibles generally pertain only to wind/hail, as Tim said. Check your Dec pages again, or hmmm, ask the adjuster/agent?? By the way, I have an overflow of tomatoes and the neighbors are getting sick of me pawning them off on them. Can I throw a few your way? They are a fruit by definition.

okclarryd

Veteran Member
Posts:954

09/29/2009 7:25 AM
I like to throw apples, myself. Not as messy (and I like messy) but they leave a really nice bruise. By the way, if you don't know, it's not a dumb question. And, if you can't get a smart-ass answer here, you can't get one. Lots of benefits on this site. Come back often and be a participant. Just please use spelchick. Larry D Hardin

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