Percentage of Loss Deductibles. If a deductible is expressed as a percentage of loss, we will not be liable for the indicated percentage of the gross amount of loss, damage or expense (prior to any applicable deductible or coinsurance) insured under the applicable coverage. If the dollar amount of such percentage is less than the indicated minimum deductible, the minimum deductible will be the applicable deductible.
Appears in 3 contracts
Samples: Insurance Policy, Equipment Breakdown Coverage, Equipment Breakdown Coverage
Percentage of Loss Deductibles. If a deductible is expressed as a percentage of loss, we will not be liable for the indicated percentage of the gross amount of loss, damage or expense (prior to any applicable deductible or coinsurance) insured under the applicable coverage. If the dollar amount of such percentage is less than the indicated minimum deductibleMinimum Deductible, the minimum deductible Minimum Deductible will be the applicable deductible.
Appears in 1 contract
Samples: Property Coverage Agreement
