Covered Peril definition

Covered Peril means any cause of direct physical loss or damage except those excluded under the terms of this “Memorandum.”
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Covered Peril means (i) United States wind (onshore and offshore, including the Gulf of Mexico, the Caribbean Sea and the North Atlantic Ocean), (ii) European wind (onshore and offshore, including the North Sea), (iii) California earthquake, and (iv) Terrorism worldwide, and/or (v) such other Covered Perils as may be determined by the Company in its discretion for each six-month period commencing January 1 or July 1 and set forth by written endorsement hereto prior to such date.
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Covered Peril means one or more of the following perils:
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Examples of Covered Peril in a sentence

  • Tenant, therefore, fully waives the provisions of any statute or regulation, including California Civil Code sections 1932(2) and 1933(4), for any rights or obligations concerning a Covered Peril.

  • The provisions of this Lease, including those in this article 11, constitute an express agreement between Landlord and Tenant that applies in the event of any Covered Peril to the Premises or the Building.

  • We insure materials and supplies located on or next to your residence premises used to construct, alter or repair the dwelling or other structures on your residence premises provided loss is caused by a Real Property - Covered Peril and is not excluded under Property Coverage - Losses We Do Not Cover.

  • A neighbor’s tree(s) felled by a Tangible Personal Property - Covered Peril; provided the tree(s) damaged a covered structure.

  • If your residence premises is uninhabitable as a result of public utility plants, transformers, switching stations or substations furnishing heat, light, power or gas to your residence premises being damaged or destroyed by a Tangible Personal Property - Covered Peril, we cover necessary increases in living expenses incurred by you so your household can maintain its normal standard of living.

  • If your residence premises is uninhabitable as a result of public utility plants, transformers, switching stations or substations furnishing heat, light, power, or gas to your residence premises being damaged or destroyed by a Tangible Personal Property - Covered Peril, we cover necessary increases in living expenses incurred by you so your household can maintain its normal standard of living.

  • If Landlord elects not to repair, reconstruct, or restore the Building and/or the Premises, then this Lease shall be deemed to have terminated as of the date of the damage or destruction by the Covered Peril.

Related to Covered Peril

  • Covered Period means the period beginning six (6) months prior to a Change in Control and ending twenty-four (24) months after the Change in Control.

  • Covered Persons has the meaning set forth in Section 20(a).

  • Covered Person means: (a) any Administrator, officer, director, shareholder, partner, member, representative, employee or agent of (i) the Trust or (ii) any of the Trust’s Affiliates; and (b) any Holder of Securities.

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • Covered position means a position in which the employee must be a member of the retirement