In a TWIA 310 policy, what type of deductible applies to Off-Premises losses?

In a TWIA 310 policy, the appropriate deductible that applies to Off-Premises losses is indeed a flat rate deductible. This means that a specified amount is deducted from the total loss regardless of the value of the loss incurred. Off-Premises losses are generally considered those that happen when the insured property is away from the insured location, such as during travel or while situated at a non-covered location.

Using a flat rate deductible simplifies the claims process as it is straightforward and predictable. It allows policyholders to have clarity on their out-of-pocket costs when a claim is made for Off-Premises losses.

In contrast, percentage deductibles and high deductibles may depend on the total value of the loss or may require higher out-of-pocket costs relative to the loss amount, which does not align with the specified coverage for Off-Premises losses in the TWIA 310 policy. No deductible option would indicate that the full amount of the loss would be covered without any cost to the insured, which is not the standard practice for Off-Premises losses.