Flood Coverage Sample Clauses

Flood Coverage. Flood insurance subject to the National Flood Insurance Program in the event the Secured Property is located in an area identified by the Federal Emergency Management Agency or any successor thereto as an area within a flood plain or flood risk zone, or having special flood hazards as determined by Lender, and in which flood insurance has been made available under the National Flood Insurance Act of 1968 or the Flood Disaster Protection Act of 1973, as the same may be amended, or any successor statutes, on such basis and in such amounts as shall be required by Lender;

Flood Coverage. Flood coverage shall include, but not be limited to, coverage for waves, tide or tidal water, of lakes, ponds, reservoirs, rivers, harbors, streams, or other bodies of water, whether or not driven by wind.

Flood Coverage. A flood insurance policy in the maximum amount available, as required by applicable law, if the Property is located in an area designated by the United States Federal Emergency Management Agency as a special flood hazard area. The policy shall name Bondowner Representative as loss payee on a Form 438 BFU or acceptable equivalent attached to the policy.

Flood Coverage. For each damage that may occur in relation to flood coverage, a deductible exemption of 2% of the insurance amount of each of the following groups shall be applied to the relevant group. However, the total exemption to be applied to these groups is limited to EUR 50,000. • Building, fixed installation and decoration • Commodity • Machinery, equipment, fixtures and other installations Damages caused by landslide or land collapse as a result of excavations made around the insured building are included in the guarantee, except for excavations ongoing or planned (known to the insured it is planned) on the insurance start date. A 10% deductible exemption shall be applied over the compensation amount to be paid for each damage that may occur under this guarantee. With the Special Condition of Insulation Inadequacy, damages caused by leakage and/or entry of rain and snow water from the exterior or terrace of the building (with floor strainer) or windows, doors and moldings (offshores) due to insufficient insulation and/or loss of insulation and damages caused by leakage of water accumulated on roofs without floor strainer are included in the coverage not exceeding 10% of the total annual insurance amount and in any case TRY 500,000. An exemption of TRY 500 shall be applied for each damage covered by the guarantee. Damages that may occur due to the following reasons are excluded from the coverage. • Leaking water from the unplastered side facade caused by the collapse of the adjacent order building • Leaked water from the front with coarse and fine plaster but not painted • Leakage of water accumulated on balconies without floor strainers to the insured floor from downstairs and/or under the doors • Damage caused by sweating, mold and similar causes due to lack/loss of heat insulation • All kinds of insulation costs • Damages on the facade and roof Policy No: 105215621 Page: 6 / 22 • Provided that it is covered by this policy, damages that may occur due to hail in the building and content, with or without the storm, are covered by the limit specified on the policy in total per occurrence and during the policy period. • An exemption of USD 250 will be applied for each damage. • Exposed content is excluded from coverage even if it is under porch, awning or cover, etc.

Flood Coverage. If the Real Property or any part thereof is located in a flood hazard area for which flood insurance is available, Blackhawk shall maintain flood insurance insuring the existing and contemplated improvements on the Real Property in an amount of at least the unpaid indebtedness secured by the Deed of Trust outstanding at any given time or in such lesser amount to which Bank may agree in writing or as Blackhawk is then able to obtain. Said flood coverage shall contain standard mortgagee and loss payee clauses in form acceptable to Bank.