Common use of Alteration of Risk Clause in Contracts

Alteration of Risk. Every change which substantially varies any of the material facts or circumstances existing at the commencement of each Period of Insurance, that shall come to the knowledge of Your officer responsible for insurance matters, shall be notified to Us as soon as reasonably practicable thereafter and You shall (if so requested) pay such reasonable additional premium as We may require.

Appears in 3 contracts

Samples: Leisure Broadform Liability Policy, Hospitality Broadform Liability Policy, Leisure Broadform Liability Policy

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Alteration of Risk. Every change which substantially varies any of the material facts or circumstances existing at the commencement of each Period of Insurance, that shall come to the knowledge of You or Your officer responsible for insurance matters, shall be notified to Us as soon as reasonably practicable thereafter and You shall (if so requested) pay such reasonable additional premium as We may require.

Appears in 1 contract

Samples: Marine Repairers and Marinas General and Products Liability Insurance Contract

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