<h1 style="text-align: center;"><span style="font-size:12px">DEDUCTIBLE CLAUSE</span></h1>

<h1 style="text-align: justify;"><span style="font-size:12px">It is hereby declared and agreed that notwithstanding anything contained in the Policy or Policy Schedule to the contrary, the Company shall not be liable for the first amount equal to a fixed &nbsp;amount of PHP 2,000.00 of each and every loss for each and every vehicle insured by this policy.</span></h1>
