Calculation of indemnities when damage is less than syndicate’s deductible
The syndicate suffers $8,000 damage.
The syndicate’s insurer does not pay anything because the damage is less than the $10,000 deductible.
The syndicate can apportion the $8,000 among the ten co-owners.
No responsible
co-owner
The apportionment resulting from the application of a deductible is not covered.
So the co-owner’s insurer does not indemnify the co-owner.
Co-owner
at fault
The syndicate can sue the responsible co-owner for the $8,000.
The insurer of the responsible co-owner indemnifies for Civil Liability Coverage.