Amount Insured definition

Amount Insured means the limit of liability of each Insurer under the Insurance, including, for the avoidance of doubt, the aggregate limit of liability of all Insurers where the coverage is provided on the basis of co-insurance;
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Amount Insured means the maximum amount payable by us as stated in the Schedule in respect of each of INSURING CLAUSES 2 and 3. The amount applies to each incident of loss or damage occurring during the period of the policy provided always that after the first incident of loss or damage you comply with our recommendations to preventsatellite dishes; or
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Amount Insured means the aggregate limit of liability of the Insurer pursuant to this contract as set out in clause 3.1;
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Examples of Amount Insured in a sentence

  • The Insurance may provide that liability for Defence Costs in relation to a Claim that exceeds the Amount Insured is limited to the proportion of such Defence Costs that the Amount Insured bears to the total amount paid or payable to dispose of that Claim.

  • The Amount Insured for each and every Claim (exclusive of Defence Costs) must be at least €1,500,000 (one million five hundred thousand euro).

  • If You request a partial surrender, then the Death Benefit, Amount Insured, and Cash Value will be reduced by the amount surrendered, including any applicable partial surrender charge (as shown on the Policy Summary).

  • After the reduction, the Amount Insured and Stated Amount must be no less than the respective minimum amounts shown on the Policy Summary.

  • In the case of partial surrenders, the Death Benefit, Amount Insured, and Cash Value will be reduced by the amount surrendered, including any applicable partial Surrender Charge.

  • The Death Benefit after the Maturity Date will be equal to the Amount Insured as of the date of the Insured's death, minus any Loan Account value and any amounts payable under a collateral assignment of the policy.

  • The most We will pay is the Amount Insured for the item.Items over 3 years at the time of a LossWe will deal with Your claim on an Indemnity basis only or cost of repair whichever is the less.Under insuranceIf, at the time of Damage, the Amount Insured is less than 75% of the total value of The Sporting Gun, the amount We pay will be reduced in the same proportion as the under insurance.

  • Following a theft which is covered by this section, We will pay, in addition to the Amount Insured, the costs necessarily incurred by You to re‐create business books, plans, computer system records, patterns and other business records.

  • The most We will pay in total is the Amount Insured for that item.• Death of the Artist - We will automatically increase the insured value of any item listed in the specification for Fine Art and Collectables by up to 100% if the artist dies during the Period of Insurance.

  • Marine and War Risk Hull & Machinery coverage (including 4/4ths Collision Liability) subject to an Amount Insured not less than the full value of the vessel.


More Definitions of Amount Insured

Amount Insured means the limit of liability of each Insurer under the Insurance, including, for the avoidance of doubt, the aggregate limit of liability of all Insurers where the coverage is provided on the basis of co-insurance;”
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Amount Insured means the Limit of Indemnity of Insurers under the Policy, including, for the avoidance of doubt, the aggregate Limit of Indemnity of all Insurers where coverage is provided on the basis of co-insurance.
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Amount Insured means the amount of cover, comprising Standard Cover and Additional Cover granted by the Company to the Insured Member in accordance with the Eligibility Conditions.
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Amount Insured means the limit of liability of the Insurer pursuant to this contract as set out in Clause 3.1;
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Amount Insured means the maximum amount payable by us stated in the Declarations. The amount applies to each incident of financial loss or property damage occurring during the period of the policy.
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Amount Insured. As scheduled in slip agreement, attached hereto Policy No. Premium: As scheduled in slip agreement, attached hereto As scheduled in slip agreement, attached hereto hereinafter called the Assured. Loss, if any, payable to Assured As scheduled in slip agreement, attached hereto In the sum of As scheduled in slip agreement, attached hereto At and from the As scheduled in slip agreement, attached hereto day of As scheduled in slip agreement, attached hereto to As scheduled in slip agreement, attached hereto day of As scheduled in slip agreement, attached hereto against the liabilities of the Assured as hereinafter described, and subject to the terms and conditions hereinafter set forth , in respect of the vessel called the In accordance with slip agreement, attached hereto or by whatsoever other names the said vessel is or shall be named or called. In consideration of the stipulations herein named and of As scheduled in slip agreement, attached hereto being premium at the rate of As scheduled in slip agreement, attached hereto The Assurer hereby undertakes to make good to the Assured or the Assured's executors, administrators and/or successors, all such loss and/or damage and/or expense as the Assured shall as owners of the vessel named herein have become liable to pay and shall pay on account of the liabilities, risks, events and/or happenings herein set forth:
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Related to Amount Insured

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Reimbursement insurance policy means a policy of insurance

  • Blanket insurance policy means a group policy covering a defined class of

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Credit insurance means insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation.

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • Insured Amount As defined in the Policy.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Credit unemployment insurance means insurance:

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Insured means the Executive.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Insured Amounts means, with respect to any Distribution Date, the Deficiency Amount for such Distribution Date.