DOUBLE INSURANCE Sample Clauses
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DOUBLE INSURANCE. If the same interest has been insured against the same risk by several insurers, each insurer is liable to the insured as if that insurer alone had taken out the insurance. However, the insured is not entitled to more compensation in total from the companies than that corresponding to the damage. If the sum of the liabilities exceeds the damage, the liability is apportioned between the insurers in proportion to the amounts of the liabilities.
DOUBLE INSURANCE. Where liability against one risk has been insured with more than one insurer for coinciding periods the Policyholder shall notify same to the Insurer as soon as possible after the double insurance was effected or after he became aware thereof.
DOUBLE INSURANCE. 18.1 In the event that the vehicle is insured in the framework of another insurance policy, issued in accordance with the Insurance Ordinance requirements, the policy owner shall give notice of same to the insurer immediately after the double insurance is arranged or immediately after learning thereof.
18.2 In the event of double insurance, the insurers shall be liable vis-a-vis the insured separately and will bear payment of the insurance benefits in equal shares between them.
DOUBLE INSURANCE. The Tenant shall not effect any insurance relating to the Property against any of the Insured Risks. If the Tenant is entitled to the benefit of any insurance in respect of the Property, the Tenant shall pay to the Landlord all monies received by virtue of the insurance to enable the Landlord to apply them in making good the loss or damage in respect of which they have been received.
DOUBLE INSURANCE. Save as provided in this Deed the Property Agreement and the Sale of Business Agreement the Landlord shall not effect any insurance relating to the Property against any of the Insured Risks.
DOUBLE INSURANCE. The Tenant must not effect any insurance relating to the Premises against any of the Insured Risks (but this does not prevent the Tenant from insuring those items which as a matter of law are its property).
DOUBLE INSURANCE. Taking more than one policy on the same subject matter with two or more insurance companies is called double insurance.
DOUBLE INSURANCE. 14.1. In case the Apartment or contents thereof was insured against the risks stated in this Policy with more than one insurer for overlapping periods, the Insured shall deliver notice regarding the said to the Insurer immediately after the double insurance was arranged or immediately after becoming aware of the said.
14.2. The insurers shall be held liable severally towards the Insured in double insurance for the full amount, and among themselves the insurers shall incur payment of insurance benefits according to the ratio between the sums insured.
DOUBLE INSURANCE. Proscription
DOUBLE INSURANCE. Subject to sub-clause 4.10 of this Lease the Tenant will not effect any insurance over the Demised Premises in respect of any of the Insured Risks