Description of Cover Clause Samples
The "Description of Cover" clause defines the specific scope and nature of insurance protection provided under the policy. It outlines what risks, events, or losses are included, and may detail the types of property, activities, or liabilities that are insured. For example, it might specify coverage for fire damage to a building or liability arising from business operations. This clause is essential for setting clear expectations between the insurer and the insured, ensuring both parties understand exactly what is and is not covered, thereby reducing the potential for disputes.
Description of Cover. We will indemnify You where You become a victim of Cyber Bullying by a third party. The maximum We will pay is up to the Cover Limit stated in the Policy Schedule. For the purposes of this section, an Insured Event is deemed to be from the date of the first known incident of Cyber Bullying all incidences attributable to one originating source or cause are considered to be one Insured Event.
Description of Cover. We will indemnify You against a loss suffered as a result of Cyber Extortion. The maximum We will pay is up to the Cover Limit stated in the Policy Schedule.
Description of Cover. 4.3.1.1 We will indemnify You for fees and costs incurred in the event that You become the victim of identity theft up to the Cover Limit. The maximum We will pay is up to the Cover Limit stated in the Policy Schedule.
Description of Cover. We will indemnify You against Your civil liability for loss or damage, including mental anguish or emotional distress, due to an Insured Event. The maximum We will pay is up to the Cover Limit stated in the Policy Schedule.
Description of Cover. We will indemnify You against a Loss of Funds that occurs as a result of a Funds Transfer from Your Account due to the fraudulent conduct of a third party. The maximum We will pay is up to the Cover Limit stated in the Policy Schedule. This section is specifically excluded from the Annual Aggregate Limit and is payable per event.
Description of Cover. We will indemnify You for the costs of Data and system restoration. The maximum We will pay is up to the Cover Limit stated in the Policy Schedule.
Description of Cover. We will indemnify You against losses due to undelivered or damaged goods and/or services rendered that You purchased online for Your private use. The maximum We will pay is up to the Cover Limit stated in the Policy Schedule.