Tag archives: Deductible

Deductible for “one person or organisation”

A USA appeal court held that an insurer had no duty to indemnify its policyholder in a class action brought on behalf of alleged recipients of junk faxes. The class action claimed $500 in statutory damages for each of 44 000 unsolicited advertisement faxes sent between 2005 and 2008. The policy had a $1 000 deductible that … Continue reading

Insurers watch your deductible language

A New York City fuel oil terminal owner that suffered nearly $2.28 million losses in Superstorm Sandy paid a deductible of $250 000 and not the $2.49 million contended for by their insurer.  The wording made all the difference. A commercial property policy provided $2.5 million in annual coverage for flood losses.  The insured was … Continue reading