<p style="text-align: justify;">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 one and one half percent (1.50%) of the Insured&#39;s estimate Fair Market Value as shown in the Policy Schedule with a minimum deductible amount of Php 4,500.00 of each and every loss for each and every vehicle insured by this policy.</p>

<p style="text-align: justify;">ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNALTERED.</p>
