Our insured has a package policy covering his building and his business personal property. Attached to this policy is an inland marine endorsement covering electronic data processing (EDP) equipment. The building and personal property form has a $250 deductible and the EDP endorsement has a $250 deductible.
A recent fire damaged some telephone equipment and some EDP equipment. The insurer wants to apply two deductibles to this loss. We believe that because there was only one fire—and there is only one policy—only one deductible should apply.
What are your thoughts?
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