Examples of Insured Amount in a sentence
Except as provided in paragraph (3), these Rules come into force on 1st October 2009.
All Equipment and Accessories and Machinery installed on the Vessel(s) and not owned by You shall be included in the Insured Amount of the Vessel(s) unless otherwise stated in the Policy Schedule.
All Parts and Equipment in transit or whilst temporarily ashore for the purpose of repair, refit or overhaul shall be included in the Insured Amount of the Vessel(s) unless otherwise stated in the Policy Schedule.
Insured Amount ClauseThe Insured Amount (where stated) in the Policy Schedule in respect of Hull, Machinery, Fixtures and Fittings, Equipment and Accessories, Tender shall represent separate Insured Amounts for the purpose of calculating the maximum amount payable in respect of each item when a claim is made under this Policy.
You are required to have public liability insurance for the Insured Amount as set out in the Authorisation Notice for each and every claim.