<p style="text-align:justify">IT IS HEREBY UNDERSTOOD AND AGREED that each claim for loss shall be adjusted separately and the amount of P50,000.00 shall be deducted from any one adjusted loss or event. Nothing herein contained shall be held to vary, alter, waive or extend any of the agreement, conditions, Declarations, exclusions, limitations or terms of the policy, or endorsement attached thereto, other than as above stated.</p>
