How do deductibles apply in the Equipment Breakdown Protection coverage form?

Deductibles apply separately for each applicable coverage unless the deductibles are shown as "combined" for any two or more coverages.

A is correct. Deductibles apply separately for each applicable coverage unless the deductibles are shown as combined for any two or more coverages. Depending on the coverage, the deductible might be expressed as a dollar amount, a time limit, a percentage of loss, or a multiple of daily value.