Common use of Deductible Clause Clause in Contracts

Deductible Clause. COVERAGE A The Insured shall pay the amount stated in the Declarations for this form as Deductible or Deductible - U.S. Claims for each and every claim under Insuring Agreement 1(c) (“Property Damage”). If more than one claim arises or results from a single “occurrence”, the deductible amount shall only apply once. The amount stated in the Declarations for this form as Deductible shall be deducted from the amount of each claim covered under the terms of this Form and the Insurer shall be liable for loss only in excess of that amount. However, this deductible shall not be applied to claims arising out of the perils of fire, “explosion”, smoke and sprinkler leakage. The terms of the Policy, including those with respect to notice of accident or “occurrence” and the Insurer's right to investigate, negotiate and settle any claim or suit, apply irrespective of the application of the deductible amount. The Insurer may pay part of or the entire deductible amount to effect settlement of any claim or suit, and upon notification of the action taken, the Named Insured shall promptly reimburse the Insurer for such part of the deductible amount as has been paid by the Insurer.

Deductible Clause. COVERAGE (a) If a deductible amount is shown in the Declarations, the Insurer’s obligation under Coverage A The Insured shall to pay as compensatory damages because of “bodily injury” or “property damage” applies only to the amount of compensatory damages in excess of the deductible amount stated in the Declarations. The limits of insurance applicable to each “occurrence” for “bodily injury” and “property damage” liability will be reduced by the amount of such deductible. The Aggregate Limit for such coverages shall not be reduced by the application of such deductible amounts. (b) The deductible amount applies to all compensatory damages because of “property damage” sustained by any one person or organization as the result of any one “occurrence”. (c) The deductible amount in the Declarations for this form as Deductible specifies a deductible on a “per claim” or Deductible - U.S. Claims for each and every claim under Insuring Agreement 1(c) (“Property Damage”)per occurrence” basis. If In the event of a “per claim” deductible, if more than one claim arises or results from a single out of the same “occurrence”, then the deductible amount shall only apply once. The amount stated in the Declarations for this form as Deductible shall be deducted from the amount of each claim covered under the terms of this Form and the Insurer shall be liable for loss only in excess of that amount. However, this deductible shall not be applied to claims arising out each c laim separately. In the event of a “per occurrence” deductible, then the perils of fire, “explosion”, smoke and sprinkler leakage. The terms of the Policy, including those with respect deductible amount shall be applied once to notice of accident or each “occurrence” and the Insurer's right to investigate, negotiate and settle any claim or suit, apply irrespective regardless of the application number of the deductible amount. The Insurer may pay part of or the entire deductible amount to effect settlement of any claim or suit, and upon notification of the action taken, the Named Insured shall promptly reimburse the Insurer for such part of the deductible amount as has been paid by the Insurerclaimants involved.

Deductible Clause. COVERAGE (a) If a deductible amount is shown in the Declarations, the Insurer’s obligation under Coverage A The Insured shall to pay as compensatory damages because of “bodily injury” or “property damage” applies only to the amount of compensatory damages in excess of the deductible amount stated in the Declarations. The limits of insurance applicable to each “occurrence” for “bodily injury” and “property damage” liability will be reduced by the amount of such deductible. The Aggregate Limit for such coverages shall not be reduced by the application of such deductible amounts. (b) The deductible amount applies to all compensatory damages because of “property damage” sustained by any one person or organization as the result of any one “occurrence”. (c) The deductible amount in the Declarations for this form as Deductible specifies a deductible on a “per claim” or Deductible - U.S. Claims for each and every claim under Insuring Agreement 1(c) (“Property Damage”)per occurrence” basis. If In the event of a “per claim” deductible, if more than one claim arises or results from a single out of the same “occurrence”, then the deductible amount shall only apply once. The amount stated in the Declarations for this form as Deductible shall be deducted from the amount of each claim covered under the terms of this Form and the Insurer shall be liable for loss only in excess of that amount. However, this deductible shall not be applied to claims arising out each claim separately. In the event of a “per occurrence” deductible, then the perils of fire, “explosion”, smoke and sprinkler leakage. The terms of the Policy, including those with respect deductible amount shall be applied once to notice of accident or each “occurrence” and the Insurer's right to investigate, negotiate and settle any claim or suit, apply irrespective regardless of the application number of the deductible amount. The Insurer may pay part of or the entire deductible amount to effect settlement of any claim or suit, and upon notification of the action taken, the Named Insured shall promptly reimburse the Insurer for such part of the deductible amount as has been paid by the Insurerclaimants involved.