Common use of Loss Payment Clause in Contracts

Loss Payment. We will pay or make good any “loss” covered under this coverage within 30 days after: 1. We reach agreement with you; 2. The entry of final judgment; or 3. The filing of an appraisal award. We will not be liable for any part of a “loss” that has been paid or made good by others.

Appears in 4 contracts

Sources: Museum Policy, Fine Art Dealer Policy Coverage, Exhibition Coverage All Risks Insurance Agreement