Theft Limitation and Deductible on HO 00 02

Q

One of my clients, who is insured on a HO 00 02 04 91, lost $7,200 worth of property in a burglary. There was $1,700 worth of jewelry and $5,500 of personal property taken. The policy deductible was $1,500. I believe that the deductible should be applied to the loss before the jewelry limitation of $1,000 is taken into consideration.

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