Insured Amount. 19 Insurer......................................................................19
Insured Amount. Maximum compensation The sum insured is EUR 200,000 and is the maximum limit of the insurance company's liability for each insurance event. Losses resulting from the same act or omission are considered as one and the same insurance event. In each insurance event, the deductible entered in the insurance policy is deducted from the amount of loss or damage compensated.
Insured Amount. Insurer compensates respectively the maximum of the insured amounts exceeding the own risk as stated in the policy for all insured together per claim, respectively per policy year.
Insured Amount. Insured amount, stipulated by each Insurance Agreement, shall be established at the sole discretion of the Lessor in the amount equal to: - the Value of the Equipment, or - the current market value of the Equipment, or - the current market value of a similar new equipment (or its equivalent), which is to be determined independently by the Lessor as of the date of entering into the relevant Insurance Agreement. The specific amount of insurance compensation payable by the Insurer in case of the insured accident occurrence shall be determined by the details and characteristics of the insurance accident, extent of wear of specific Equipment and other circumstances and shall be indicated by the Lessor according to the relevant Insurance Agreement. When, in the Lessee's opinion, the amount for which the Equipment is insured by the Lessor is too low, then the Lessee within 14 (fourteen) days from the date of receipt from the Lessor the invoice of insurance costs shall turn to the Lessor in a written form with request for additional insurance of the Equipment. The Lessor shall in writing authorize the Lessee to negotiate with the Insurer the higher sum of insurance of the Equipment and to additionally insure the Equipment on the Lessee’s cost but on behalf of the Lessor.
Insured Amount. The insured amount (rent) must be set at the full price of the rental arrangement, however with the following maximums: € 2000 per person and € 4,000 per contract.
