Does the deductible clause of the Building & Personal Property Coverage Form, CP 00 10 10 12 apply to losses that fall under the Coverage Extension Coverage? For example, if there is a covered loss to property off-premises that falls under the Coverage Extension d. Property Off-premises, does the Business Personal Property deductible of the policy apply to the loss?

Puerto Rico Insured

The coverage extensions apply to property located in or on the building described in the declarations, or in the open (or in a vehicle) within 100 feet of the described premises. Each of the coverage extensions apply additional limits of insurance, but only if a coinsurance of at least 80% is shown in the Declarations. Even if the coinsurance percentage is required to be 80% or more, coinsurance does not apply to the coverage extensions.