Common use of Insured Event Clause in Contracts

Insured Event. 2.1. An insured event is any unexpected and unforeseeable event which causes property damage to the insured cargo and which results in the obligation of the insurer to perform the insurance contract, except for the events excluded in clause 2.4 or other sections of the insurance contract (events which are not the in- sured events and in the case of which the insurer shall have no obligation to indemnify for the damage).

Appears in 2 contracts

Samples: Cargo Insurance Terms, Cargo Insurance Terms

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Insured Event. 2.1. An insured event is any unexpected and unforeseeable event which causes property damage to the insured cargo and which results in the obligation of the insurer to perform the insurance contract, except for the events excluded in clause 2.4 or other sections of the insurance contract (events which are not the in- sured insured events and in the case of which the insurer shall have no obligation to indemnify for the damage).

Appears in 1 contract

Samples: Cargo Insurance Terms And

Insured Event. 2.1. An The insured event is any an unexpected and unforeseeable event which causes property damage with respect to the policyholder and the insured cargo and person, during which results the object of insurance is damaged or destructed in the obligation of insurance location during the insurer to perform the insurance contract, except for the events excluded in clause 2.4 or other sections term of the insurance contract (events which are not cover. Upon the in- sured events and in occurrence of the case of which insured event, the insurer shall have no an obligation to indemnify compensate for the damage).

Appears in 1 contract

Samples: General Terms And

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Insured Event. 2.1. An The insured event is any an unexpected and unforeseeable event which causes property damage with respect to the policyholder and insured cargo and person, upon the occurrence of which results there is an interruption of business activities (or a decrease in turnover) specified in the obligation insurance contract as a result of the insurer to perform insured event under property insurance in the insurance contract, except for location during the events excluded in clause 2.4 or other sections term of the insurance contract (events which are not cover. Upon the in- sured events and in occurrence of the case of which insured event, the insurer shall have no an obligation to indemnify compensate for the damage).

Appears in 1 contract

Samples: General Terms And

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