Earthquake Deductible definition

Earthquake Deductible. The deductible percentage shown on the Declarations Page is the percentage that will be applied to the amount of earthquake insurance if an earthquake loss occurs. It will be applied separately to Coverage “A”- Tiny or Mini Home, Coverage “B” – Detached Private Structures and Coverage “C”- Personal Property.
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Examples of Earthquake Deductible in a sentence

  • The Earthquake Deductible amount is $50,000.Example 1The damage due to Earthquake is $500,000.

  • Earthquake Deductible The deductible percentage shown on the Declarations Page is the percentage that will be applied to the amount of earthquake insurance if an earthquake loss occurs.

  • If sufficient amounts have not been deposited in the Earthquake Deductible Account for the payment of the earthquake deductible within six (6) months of the insured Casualty, Guarantor shall, pursuant to the terms and conditions of the Guaranty, be liable for any shortfall.

  • The Business of Music, a national training strategy, was then validated by industry leaders and educators at a Roundtable in March, laying the groundwork for the first meeting of the National Training Advisory Council for Music in June.

  • Coverage for Additional Living Expense is not subject to the Earthquake Deductible.

  • Pursuant to the Cash Management Agreement, the obligations of Borrower from time to time with respect to the payment of the deductible under the earthquake insurance policy for the San Francisco Airport Hyatt Regency shall be deposited into the Earthquake Deductible Account (as defined in the Cash Management Agreement) prior to the disbursement of any excess funds to Borrower.

  • Funds so deposited in the Earthquake Deductible Account shall be disbursed to Borrower for the Restoration of the San Francisco Airport Hyatt Regency in accordance with the procedures set forth in Section 5.3.2(b) – (g) as if such amounts were Net Proceeds.

  • Expenses In the event a tenant cannot occupy the unit as a result of an Insured Peril Deductible Per Claim All selections, except $2,500 deductible for Earthquake Personal Liability / Earthquake Deductible Premium Per month per insured Check one Option 1 $15,000 $2,000,000 $6,000 $1,000 $2,500 $15.00 ☐ Option 2 $30,000 $2,000,000 $8,000 $1,000 $2,500 $20.00 ☐ Option 3 $60,000 $2,000,000 $10,000 $1,000 $2,500 $25.00 ☐ Option 4 I/we understand the options presented.

  • Earthquake Deductible Expenditure Under the insurance policies the Group is liable to meet a deductible amount toward the cost of repair or reinstatement of the damaged assets.

  • During the ten (10) years Lease term, the amount of the Earthquake Deductible to be included in Operating Expense in the event of the occurrence of an earthquake affecting the Premises during the Lease Term shall be decreased by ten percent (10%) per annum.

Related to Earthquake Deductible

  • Earthquake insurance, if the Leased Property is currently, or at any time in the future, located within a major earthquake disaster area, in amount, and in such form and substance and with such limits and deductibles as are satisfactory to Landlord; and

  • windstorm means straight line winds of at least 80 miles per

  • Deductible has the meaning set forth in Section 11.1(e).

  • Sinkhole means a surface depression caused by a collapse of soil or overlying formation above fractured or cavernous bedrock.

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • Explosion means the sudden release of energy sufficient to cause pressure waves and/or projectiles that may cause structural and/or physical damage to the surrounding of the tested-device.

  • Catastrophic Damage as used hereunder is major change or damage to In- cluded Timber on Sale Area, to Sale Area, to access to Sale Area, or a combination thereof:

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Inclement Weather means any weather condition that delays the scheduled arrival or departure of a Common Carrier.

  • REASONABLY SAFE FROM FLOODING Means base flood waters will not inundate the land or damage structures to be removed from the floodplain and that any subsurface waters related to the base flood will not damage existing or proposed buildings.

  • Zone 1 means Alberta Receipt Points and Liquids Receipt Points downstream of the Blueberry Hill Compressor Station.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of One hundred Sixty-eight million dollars ($168,000,000.00).

  • Fraud Loss Coverage Amount As of the Closing Date, $2,748,787, subject to reduction from time to time, by the amount of Fraud Losses allocated to the Certificates. In addition, on each anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will be reduced as follows:

  • Electrical Losses means all applicable losses, including the following: (a) any transmission or transformation losses between the CAISO revenue meter(s) and the Delivery Point; and (b) the Distribution Loss Factor, if applicable.

  • Property damage means physical injury to, destruction of, or loss of use of tangible property.

  • Casualty shall have the meaning set forth in Section 6.2 hereof.

  • Accident means a sudden, unforeseen and involuntary event caused by external, visible and violent means.

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $5,000,000. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • COVID-19 Pandemic means the epidemic, pandemic or disease outbreak associated with COVID-19.

  • Boiler means an enclosed fossil or other fuel-fired combustion device used to produce heat and to transfer heat to recirculating water, steam, or other medium.

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.

  • Vandalism means destruction of or damage to a Project Asset deliberately

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eleven million dollars ($11,000,000.00).

  • Sabotage means deliberate damage, with malevolent intent, to a category 1 or category 2 quantity of radioactive material, a device that contains a category 1 or category 2 quantity of radioactive material, or the components of the security system.

  • Subsidence means the lowering in elevation of the surface of land by the withdrawal of groundwater.