Earthquake Insurance definition

Earthquake Insurance means a policy satisfactory to Lender with a deductible of no greater than 5% of the "Replacement Cost" (as defined below) and in an amount calculated as follows: (i) the Loan Amount plus (ii) the Specified Loss minus (iii) 90% of the market value of the Property as determined by Lender in its sole discretion.
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Earthquake Insurance means a policy satisfactory to Beneficiary with a deductible of no greater than 5% of the “Replacement Cost” (as defined below) and in an amount calculated as follows: (i) the Loan Amount plus (ii) the Specified Loss minus (iii) 90% of the market value of the Property as determined by Beneficiary in its sole discretion.
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Earthquake Insurance means a policy satisfactory to Lender with a deductible of no greater than 5% of the Replacement Cost and in an amount calculated as follows: (i) the Loan Amount plus (ii) the Specified Loss Dollar Amount plus (iii) 5% of the Replacement Cost minus (iv) 90% of the Market Value.
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Examples of Earthquake Insurance in a sentence

  • Such policies shall contain deductibles of not more than $100,000, except for Flood and Earthquake Insurance which shall have the customary deductibles reasonably available for such properties.

  • In no event shall Tenant be responsible for any deductible on Earthquake Insurance.

  • The latter company was established in accordance with the 1966 Earthquake Insurance Act as the only company in Japan authorized to handle reinsurance for earthquake damage to personal dwellings.

  • Otherwise, Landlord shall have no right to obtain Earthquake Insurance.

  • Fire and Extended coverage, vandalism and malicious mischief, Boiler and Machinery, and if applicable, Flood and Earthquake Insurance.

  • Borrower to provide Fire and Earthquake Insurance for the property within 30 Days from the disbursement with sole loss payee name of Fasttrack Housing Finance Limited.

  • The Organization is also insured up to shared limits with respect to its earthquake insurance coverage through its participation with other dioceses in the California Interdiocesan Earthquake Insurance pooling agreement.

  • As an extension to its All-Risk Insurance, Earthquake Insurance, Flood Insurance and Boiler and Machinery Insurance, Borrower shall maintain, or cause to be maintained, business income and rent loss insurance on an “actual loss sustained” basis.

  • These alternatives were all mentioned at the Earthquake Insurance Issues Workshop.

  • Participants in the Earthquake Insurance Issues Workshop rank-ordered a long list of potential Federal roles in managing losses caused by earthquakes.


More Definitions of Earthquake Insurance

Earthquake Insurance means insurance against the loss of, or damage to, property caused by an earthquake or underground movements by natural causes.‌‌‌‌‌‌‌‌‌‌
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Earthquake Insurance means insurance against loss of or damage to property caused by an earthquake; "employer's liability insurance" means insurance against liability arising out of bodily injury to, or the disability or death of, an employee of the insured occurring as a result of or in the course of the employment, and, if included in a contract that provides insurance against liability arising out of bodily injury to, or the disability or death of, an employee of the insured, includes insurance coming within the class of personal accident insurance covering an employee of the insured where the insurance is limited to accidents occurring as a result of or in the course of the employment, whether or not liability exists;
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Earthquake Insurance means insurance against loss of or damage to property caused by an earthquake;
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Related to Earthquake Insurance

  • 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

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Fire means the emission of flames from the vehicle. Sparks and arcing shall not be considered as flames.

  • 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.

  • Flood or “Flooding” means a general and temporary condition of partial or complete inundation of normally dry land areas from:

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

  • Franchise insurance means an individual insurance policy provided through a

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

  • 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.

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

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

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

  • Blanket travel insurance means a policy of travel insurance issued to any eligible group providing coverage for specific classes of persons defined in the policy with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

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

  • 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.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • 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.

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • Hazard means a source of or exposure to danger;

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.