Claim Amount definition

Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

Claim Amount means the actual loss incurred by the Insured with respect to a Loan as calculated in accordance with Section V., B., (Calculation of Claim Amount) giving effect to adjustments made by the Company due to failure of the Insured to mitigate loss.

Claim Amount has the meaning set forth in Section 5.3(b).

Examples of Claim Amount in a sentence

Except where prohibited by law, if the damage to the Company arising from an excluded event can be reasonably quantified, the Company shall adjust the Claim Amount by the amount of such damage rather than exclude coverage altogether for such Loan, unless a refund of premium as provided for in the preceding sentence would provide a greater payment to the Insured.
Net Claim Amount) can be either in absolute value or as a percentage of the total claim proceeds payable.
In no event will any expenses or other amounts associated with the amount by which the principal balance of the Loan became unsecured be includable in the Claim Amount, directly or by an addition to the principal balance includable in the Claim Amount.
Failure of the Insured to materially comply with this Section II., N., with respect to any Loan shall entitle the Company to adjust the Claim Amount by the amount the Company was damaged by such noncompliance.
Failure of the Insured to file a Claim within this time period shall (i) relieve the Company of any obligation to include in the Claim Amount interest and Advances accruing on the Loan after such sixty (60) day period has expired, and (ii) entitle the Company to adjust such Claim to the extent that the Company is prejudiced by such late filing of the Claim, up to 100% of the Insurance Benefit.

Claim Amount has the meaning set forth in Section 11.3.

Claim Amount means the amount used to determine the Insurance Benefit payable for a Claim, calculated in accordance with Sections 70 and 71.

Claim Amount has the meaning ascribed to such term in Section 6.1(c)(ii).

Claim Amount has the meaning set forth in Section 7.5(a)(i).

Claim Amount shall have the meaning set forth in Section 13.5(a).

Claim Amount means the Eligible Expenses in excess of the benefits payable under the corresponding item(s) of Section A of the Benefits Provisions

Claim Amount shall have the meaning set forth in Section 9C(ii).