Common use of Co-Insurance Clause in Contracts

Co-Insurance. The Insurer shall not be liable for a greater proportion of any loss or damage to the property described herein than the sum hereby insured bears to 80% of the actual cash value of said property at the time such loss shall happen, nor for more than the proportion which this policy bears to the total insurance thereon.

Appears in 6 contracts

Samples: Contractors Tools and Equipment Coverage Form, Contractors Tools and Equipment Coverage Form, Installation Coverage Form

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Co-Insurance. The Insurer shall not be liable for a greater proportion of any loss or damage to the property described des- cribed herein than the sum hereby amount insured under this policy bears to 80100% of the actual cash value of said property at all places where coverage is afforded herein at the time such loss shall happen, nor for more than the proportion which this policy bears to the total insurance thereonoccur exclusive of property in transit.

Appears in 1 contract

Samples: Installation Floater (Broad Form)

Co-Insurance. The Insurer shall not be liable for a greater proportion of any loss or damage to the property described herein insured than the sum hereby insured amount of insurance bears to 80100% of the actual cash value of said property at the time such loss shall happen. If the insurance under this Form applies to two or more items, nor for more than the proportion which this policy bears foregoing shall apply to the total insurance thereoneach item separately.

Appears in 1 contract

Samples: Insurance Agreement

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Co-Insurance. The Insurer shall not be liable for a greater proportion of any loss or damage to the property described herein than the sum amount hereby insured bears to 80100% of the actual cash value of said the property insured hereunder at the time when such loss shall happen, nor for more than the proportion which this policy bears occurs. This condition applies to the total insurance thereoneach item separately.

Appears in 1 contract

Samples: Indemnity Agreement

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