Insured Losses Clause Samples
The 'Insured Losses' clause defines which types of losses or damages are covered under an insurance policy. It typically outlines the specific events, incidents, or circumstances—such as fire, theft, or natural disasters—that will trigger coverage and entitle the insured party to compensation. By clearly specifying what constitutes an insured loss, this clause helps prevent disputes and ensures both parties understand the scope of protection provided by the policy.
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Insured Losses. AFSC will provide insurance to the Insured in accordance with the Statement of Coverage and Premium for losses suffered by the Insured to Insured Crops due to a Designated Peril.
Insured Losses. Insured losses are:
1. ▇▇▇▇▇▇ monies that are paid to the person(s) demanding them
2. ▇▇▇▇▇▇ monies that are lost in transit
3. Consultant and advisor costs
4. The following expenses incurred during or as a result of an insured event, to the extent that they are reasonable and necessary:
a. reward monies ▇. ▇▇▇▇▇▇ loan interest
c. travel and accommodation
d. continuing salary
e. replacement salary
f. relative’s salary g. personal financial loss
h. negotiator fees
i. interpreter fees j. forensic analyst fees
k. increased costs of security l. medical fees m. rest and rehabilitation expenses
n. communication costs o. retraining costs p. business interruption loss 5. Personal accident
Insured Losses. Notwithstanding any other term or provision of this Agreement, the Indemnified Party will not be required to indemnify the Indemnitee for a Loss to the extent that the Indemnitee receives insurance payments covering such Loss; provided, that this
Insured Losses i. Manager shall be responsible for taking all steps necessary to file any claim for insured losses or damages; provided that Manager will not make any adjustments or settlements in excess of $50,000.00 without Owner’s prior written consent.
ii. Manager shall coordinate with the appropriate insurance company or companies, if applicable, to process claims.
iii. Manager shall administer compliance of insurance provisions of tenant leases for all vendors and commercial tenants, including confirming insurance requirements for any special events at the Premises and obtaining certificates of insurance.
iv. At the request of Owner, Manager shall assist Owner’s insurance consultants with any necessary insurance matters.
v. Manager shall attend Owner’s meetings regarding loss control and claims.
Insured Losses. The amount of any Damages for which indemnification is provided under this Article IX shall be net of any duplicative amounts recovered by the Indemnitee under insurance policies or from unaffiliated third Persons with respect to such Damages.
Insured Losses. The aggregate limit of liability of the Supplier under this Agreement (whether arising in contract, tort (including negligence) or otherwise at law) in respect of which the Supplier is entitled to recovery (or would be entitled to recovery but for its own default) under the terms of insurances required to be maintained in accordance with this Agreement shall be limited to the minimum amount of the relevant insurance required to be maintained in accordance with the terms of this Agreement.
Insured Losses. With respect to any loss or damage of the type covered by the insurance required to be provided under this Agreement or otherwise obtained by the Phase Developer for the Phase, the Phase Developer's indemnity obligations shall not extend to any loss, damage, or expense arising out of, relating to, or resulting from the sole negligence, or willful misconduct of, an Indemnified Party, or its agents, servants, or independent contractors who are directly responsible to such Indemnified Party.
Insured Losses. If any damage happens to the property for which the insurance company pays, the Lender may use the amount received to pay all or a part of the amount which Borrower owes Lender on this Note and Mortgage.
Insured Losses. Landlord and Tenant each hereby waive such causes of action either may have or acquire against the other which are occasioned by the negligence of either of them or their employees or agents resulting in the destruction of or damage to real or personal property belonging to the other and located on the Demised Premises which are caused by fire and/or the hazards insured against in an extended coverage endorsement to a standard fire insurance policy approved in the State of Florida Each party to this agreement further agrees to cause any insurance policy covering destruction of or damage to such real or personal property from fire and/or the hazards covered under the aforementioned extended coverage endorsement to contain a waiver of subrogation clause or endorsement under which the insurance company waives its right of subrogation against either party to this agreement in case of destruction of or damage to the aforementioned real or personal property of either such party.
Insured Losses i. Property Manager shall be responsible for taking all steps necessary to file any claim for insured losses or damages; provided that Property Manager will not make any adjustments or settlements in excess of $50,000.00 without Owner’s prior written consent.
ii. Property Manager shall coordinate with the appropriate insurance company or companies, if applicable, to process claims.
iii. Property Manager shall administer compliance of insurance provisions of tenant leases for all vendors and commercial tenants, including confirming insurance requirements for any special events at the Premises, and obtaining certificates of insurance.
iv. At the request of Owner, Property Manager shall assist Owner’s insurance consultants with any necessary insurance matters.
v. Property Manager shall attend Owner’s (as defined herein) meetings regarding loss control and claims.