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If the amount of the loss is less than the amount of the deductible, no indemnity is paid, but if the amount of the loss is greater than the deductible, the loss is paid in full.

From the amount of the loss, the deductible is subtracted and the balance is paid in settlement of the loss.

The amount of the deductible is subtracted from the sum insured. Losses up to this amount are covered in full.

The amount of the deductible is added to the premium and all losses are covered in full.