Insurable Interest. To the extent that Purchaser may have any equitable or insurable interest in the Property, Purchaser will take appropriate steps to protect the same. Notwithstanding the foregoing, should the Property be damaged by calamity after the date hereof, but before Closing, Seller, may, at the Seller’s sole option, declare this Agreement null and void, and, on the return of the Deposit to Purchaser, the parties shall have no further liability to each other.
Insurable Interest. And Limit Of Liability
1. To an "insured" for more than the amount of such "insured's" interest at the time of loss; or
2. For more than the applicable limit of liability.
Insurable Interest. If more than one person has an insurable interest in the covered property, the most we will pay is an amount equal to the insured’s interest.
Insurable Interest. We will not pay to any Insured any amount greater than the Insured's interest, at the time of loss, in the property covered by this insurance. Regardless of the number of persons insured or persons having claim under this insurance, or the value of the damaged property, we will not pay more for any loss than our applicable limit of this insurance. An insured loss will be paid on the basis of the value of the damaged property at the time of the loss. This value will be determined as follows:
Insurable Interest. Evidence must exist that the Owner(s), Annuitant(s) or Beneficiary(ies) will suffer a financial loss at the death of the life that triggers the death benefit. Generally, We consider an interest insurable if a familial relationship and/or economic interest exists. A familial relationship generally includes those persons related by blood or by law. An economic interest exists when the Owner has a lawful and substantial economic interest in having the life, health or bodily safety of the insured life preserved.
Insurable Interest. Only You have rights to claim from Us, except upon Your death, or by operation of law, the passing of interest of this insurance to another person shall only take effect after We have endorsed the Policy.
Insurable Interest. Employee hereby grants to the Company an insurable interest in Employee's life, and agrees and understands that the Company may at any time or from time to time during the Term of Employment choose to purchase and maintain key man life insurance on Employee.
Insurable Interest. Notwithstanding that a person other than the insured holds an interest of any kind in an insurable crop,
(a) the interest of the insured in the insurable crop is deemed to be the insured value of the crop; and
(b) subject to section 12, no indemnity shall be paid to any person other than the insured. (EC299/08)
Insurable Interest. Club has an insurable interest in Player, and Player agrees to cooperate reasonably with Club in all matters pertaining to that interest, including taking a physical examination for insurance purposes.
