Purchase Protection Clause Samples
Purchase Protection. We shall reimburse You, upto the Section Sum Insured for new items that You purchased anytime during the Policy Year, if the same are lost, Damaged or destroyed by an Insured event under Coverage “Section I –Home Protection” or “Section II – Additional Protection”. At the time of claim, for affected items cumulatively in excess of Rs. 50,000 and single item in excess of Rs 10,000, We may ask for the proof of purchase.
Purchase Protection. In the event of a Covered Purchase being stolen or damaged means during the covered period Takaful Provider shall pay the amount of the Covered Purchase indicated on the Eligible account; or the actual cost to repair or replace the Covered Purchase with an item of like kind and quality.
Purchase Protection. The Company will pay up to the Sum Insured mentioned in the schedule for new items that the insured purchases if the same are lost, damaged or destroyed within 30 days of the date of purchase by an insured peril under “Section - Contents and/or Section - Burglary”.
Purchase Protection. Zelle does not offer a protection program for any authorized payments made with Zelle – for example, if you make a purchase using Zelle but you do not receive the item or the item is not as described or as you expected. We also offer no protection program and bear no liability for authorized payments.
Purchase Protection. The Company will pay up to the Sum Insured mentioned in the schedule for new items that the insured purchases if the same are lost, damaged or destroyed within 30 days of the date of purchase by an insured peril under “Section - Contents and/or Section - Burglary”. The insured shall intimate the insurer immediately upon the loss, damage or destruction of item purchased and shall provide necessary proof for such purchase and loss of item insured hereunder including copy of FIR filed with the Police authorities in case of Burglary and/or theft. All exclusions and conditions applicable to respective sections is deemed to be incorporated hereunder.