Common use of Loss Assessment Clause in Contracts

Loss Assessment. a. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment must be made as a result of direct loss to property, owned by all members collectively, of the type that would be covered by this policy if owned by you, caused by a Peril Insured Against under Coverage A, other than: (1) Earthquake; or (2) Land shock waves or tremors before, during or after a volcanic eruption. b. We do not cover assessments charged against you or a corporation or association of property owners by any governmental body. c. Paragraph Q. Policy Period under Section I – Conditions does not apply to this coverage. This coverage is additional insurance.

Appears in 15 contracts

Samples: Homeowners Insurance Policy, Homeowners Insurance Policy, Homeowners Insurance Policy

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Loss Assessment. a. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment must be made as a result of direct loss to property, owned by all members collectively, of the type that would be covered by this policy if owned by you, caused by a Peril Insured Against under Coverage AC, other than: (1) Earthquake; or (2) Land shock waves or tremors before, during or after a volcanic eruption. b. We do not cover assessments charged against you or a corporation or association of property owners by any governmental body. c. Paragraph Q. P. Policy Period under Section I – Conditions does not apply to this coverage. This coverage is additional insurance.

Appears in 5 contracts

Samples: Homeowners Insurance Policy, Homeowners Insurance Policy, Homeowners Insurance Policy

Loss Assessment. a. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment as- sessment must be made as a result of direct di- rect loss to property, owned by all members collectively, of the type that would be covered cov- ered by this policy if owned by you, caused by a Peril Insured Against under Coverage AAgainst, other than: (1) Earthquake; or (2) Land shock waves or tremors before, during or after a volcanic eruption. b. We do not cover assessments charged against you or a corporation or association of property owners by any governmental body. c. Paragraph Q. P. Policy Period under Section I – Conditions does not apply to this coveragecover- age. This coverage is additional insurance.

Appears in 4 contracts

Samples: Homeowners Insurance Policy, Homeowners Insurance Policy, Homeowners Insurance Agreement

Loss Assessment. a. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment must be made as a result of direct loss to property, owned by all members collectively, of the type that would be covered by this policy if owned by you, caused by a Peril Insured Against under Coverage AAgainst, other than: (1) Earthquake; or (2) Land shock waves or tremors before, during or after a volcanic eruption. b. We do not cover assessments charged against you or a corporation or association of property owners by any governmental body. c. Paragraph Q. Policy Period under Section I – Conditions does not apply to this coverage. This coverage is additional insurance.

Appears in 4 contracts

Samples: Homeowners Insurance Policy, Homeowners Insurance Policy, Homeowners Insurance Policy

Loss Assessment. a. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment as- sessment must be made as a result of direct loss to property, owned by all members collectivelycol- lectively, of the type that would be covered by this policy if owned by you, caused by a Peril Insured Against under Coverage AAgainst, other than: (1) Earthquake; or (2) Land shock waves or tremors before, during or after a volcanic eruption. b. We do not cover assessments charged against you or a corporation or association of property owners by any governmental body. c. Paragraph Q. P. Policy Period under Section I – Conditions does not apply to this coverage. This coverage is additional insurance.

Appears in 2 contracts

Samples: Homeowners Insurance Agreement, Homeowners Insurance Policy

Loss Assessment. a. We will pay up to $1,000 1000 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", you by a corporation or association of property owners. The assessment must be , when the assess- ment is made as a result of direct loss to the property, owned by all members collectively, of the type that would be covered by this policy if owned by you, caused by a Peril Insured Against under Coverage ACOVERAGE A - DWELLING, other than: (1) Earthquake; or (2) Land than earth- quake or land shock waves or tremors before, during or after a volcanic eruption. This coverage applies only to loss assessments charged against you as owner or tenant of the "residence premises. b. " We do not cover loss assessments charged against you or a corporation or association of property owners by any governmental body. The limit of $1000 is the most we will pay with re- spect to any one loss, regardless of the number of assessments. c. Paragraph Q. Condition 1. Policy Period Period, under Section SECTIONS I – Conditions AND II CONDITIONS, does not apply to this coverage. This coverage is additional insurance.

Appears in 2 contracts

Samples: Property Insurance Policy, Property Insurance Policy

Loss Assessment. a. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment must be made as a result of direct loss to property, owned by all members collectively, of the type that would be covered by this policy if owned by you, caused by a Peril Insured Against under Coverage A, other than: (1) Earthquake; or (2) Land shock waves or tremors before, during or after a volcanic eruption.during b. We do not cover assessments charged against you or a corporation or association of property owners by any governmental body. c. Paragraph Q. P. Policy Period under Section I – Conditions does not apply to this coverage. This coverage is additional insurance.

Appears in 1 contract

Samples: Insurance Policy

Loss Assessment. a. We will pay up to $1,000 2,000 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment must be made as a result of direct loss to property, owned by all members collectively, of the type that would be covered by this policy Policy if owned by you, caused by a Peril Insured Against under Coverage A, other than: (1) Earthquake; or (2) Land shock waves or tremors before, during or after a volcanic eruption. b. We do not cover assessments charged against you or a corporation or association of property owners by any governmental body. c. Paragraph Q. Policy Period under Section I – Conditions does not apply to this coverage. This coverage is additional insurance.

Appears in 1 contract

Samples: Homeowners Insurance Policy

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Loss Assessment. a. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment must be made as a result of direct loss to property, owned by all members collectively, of the type that would be covered by this policy if owned by you, caused by a Peril Insured Against under Coverage A, other than: (1) Earthquake; or (2) Land shock waves or tremors before, during or after a volcanic eruption. b. We do not cover assessments charged against you or a corporation or association of property owners by any governmental body. c. Paragraph Q. P. Policy Period under Section I – Conditions does not apply to this coverage. This coverage is additional insurance.

Appears in 1 contract

Samples: Homeowners Insurance Policy

Loss Assessment. a. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment assess- ment must be made as a result of direct loss to property, owned by all members collectivelycollec- tively, of the type that would be covered by this policy if owned by you, caused by a Peril Insured Against under Coverage A, other than: (1) Earthquake; or (2) Land shock waves or tremors before, during or after a volcanic eruption. b. We do not cover assessments charged against you or a corporation or association of property owners by any governmental body. c. Paragraph Q. P. Policy Period under Section I – Conditions does not apply to this coveragecover- age. This coverage is additional insurance.

Appears in 1 contract

Samples: Homeowners Insurance Policy

Loss Assessment. a. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment must be made as a result of direct loss to property, owned by all members collectively, of the type that would be covered by this policy if owned by you, caused by a Peril Insured Against under Coverage AAgainst, other than: (1) Earthquake; or (2) Land shock waves or tremors before, during or after a volcanic eruption.. Sample Copy b. We do not cover assessments charged against you or a corporation or association of property owners by any governmental body. c. Paragraph Q. P. Policy Period under Section I – Conditions does not apply to this coverage. This coverage is additional insurance.

Appears in 1 contract

Samples: Insurance Policy

Loss Assessment. Sample Copy a. We will pay up to $1,000 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment must be made as a result of direct loss to property, owned by all members collectively, of the type that would be covered by this policy if owned by you, caused by a Peril Insured Against under Coverage A, other than: (1) Earthquake; or (2) Land shock waves or tremors before, during or after a volcanic eruption. b. We do not cover assessments charged against you or a corporation or association of property owners by any governmental body. c. Paragraph Q. P. Policy Period under Section I – Conditions does not apply to this coverage. This coverage is additional insurance.

Appears in 1 contract

Samples: Insurance Policy

Loss Assessment. a. We will pay up to $1,000 2,500 for your share of loss assessment charged during the policy period against you, as owner or tenant of the "residence premises", by a corporation or association of property owners. The assessment as- sessment must be made as a result of direct di- rect loss to property, owned by all members mem- bers collectively, of the type that would be covered by this policy if owned by you, caused by a Peril Insured Against under Coverage AAgainst, other than: (1) Earthquake; or (2) Land shock waves or tremors before, during or after a volcanic eruption. b. We do not cover assessments charged against you or a corporation or association of property owners by any governmental body. c. Paragraph Q. P. Policy Period under Section I – Conditions does not apply to this coveragecover- age. This coverage is additional insurance.

Appears in 1 contract

Samples: Homeowners Insurance Policy

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