Which type of deductible applies to a scheduled article claim?

In the context of a scheduled article claim, one deductible per claim is typically applied. Scheduled articles refer to items that have been listed on the policy with specified values, such as jewelry, collectibles, or other high-value personal property. Because these items are individually valued and noted in the insurance policy, it is common for insurers to apply a single deductible to the entire claim related to those specific items.

The application of one deductible per claim simplifies the claims process for both the insurer and the policyholder, as it allows for a clear understanding of the out-of-pocket costs that the policyholder must cover before the insurer contributes towards the loss. This structure contrasts with other types of claims, where the amount of the deductible could be influenced by various factors regarding the items in question. Additionally, it's structured to provide clarity and prevent confusion in situations where multiple scheduled items could potentially be claimed.

In contrast, options such as no deductible, varying deductibles, or only a higher deductible do not align with standard practices concerning scheduled articles and would not typically apply in these specific circumstances.