If property stolen from work vehicle and is covered by my employer’s property insurance, who pays the deductible?

If property stolen from work vehicle and is covered by my employer’s property insurance, who pays the deductible?

I had a lot of stuff stolen from my work vehicle, roughly $11,000 worth, including my engagement ring. The company property insurance policy covers up to $15,000 but there is a $5,000 deductible. Am I responsible to cover the deductible or should the company cover the deductible and I should receive the full value of my losses?

Asked on July 26, 2012 under Insurance Law, Minnesota

Answers:

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