Common use of Part II – THIRD PARTY LIABILITY Clause in Contracts

Part II – THIRD PARTY LIABILITY. ‌ 4.2.1. The Insurer indemnifies the Insured against loss incurred as a result of any claim for civil liability made against the Insured, based on the insured vehicle exploitation that caused death, bodily injury and/or property damage of any third party. The indemnification is paid to the concerned person (or his/her legal representative) in accordance to the terms and conditions of this Agreement. 4.2.2. If the insured event has been confirmed, the following shall be subject to payment within the limit of the sum insured (Insurer’s liability limit), according to the terms and conditions hereunder: 4.2.2.1 ) In case of full destruction of third party(ies)property –market or restoration value of the lost property taking into consideration the specific character of demolished property, deducting the value of devaluation and the remained fragments (which still can be used);

Part II – THIRD PARTY LIABILITY. ‌ 4.2.1. The Insurer indemnifies the Insured against loss incurred as a result of any claim for civil liability made against the Insured, based on the insured vehicle exploitation that caused death, bodily injury and/or property damage of any third party. The indemnification is paid to the concerned person (or his/her legal representative) in accordance to the terms and conditions of this Agreement. 4.2.2. If the insured event has been confirmed, the following shall be subject to payment within the limit of the sum insured (Insurer’s liability limit), according to the terms and conditions hereunder: 4.2.2.1 ) In case of full destruction of third party(ies)property –market or restoration value of the lost property taking into consideration the specific character of demolished property, deducting the value of devaluation and the remained fragments (which still can be used);