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Question: 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?
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