Hurricane loss definition

Hurricane loss means any loss resulting from the peril of Windstorm caused by a hurricane during any period:
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Hurricane loss means any loss resulting from the peril of Windstorm caused by a hurricane during any period: a. Beginning when a hurricane watch or hurricane warning is issued for any por- tion of Florida by the National Hurricane Center of the National Weather Service; b. Remaining in effect for as long as Hurri- cane conditions exist anywhere in the State of Florida; and c. Ending 72 hours following the termina- tion of the last hurricane watch or hurri- cane warning issued for any part of Florida by the National Hurricane Center of the National Weather Service.
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Hurricane loss means any loss resulting from the peril of Windstorm
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Examples of Hurricane loss in a sentence

  • In the event of a Hurricane loss to covered property, the dollar amount is deducted from the total of the loss for all coverages.

  • Hurricane loss projection models shall not make a prospective provision for economic inflation.

  • Capability to provide real time event loss estimates and online client specific and industry Hurricane loss estimates as storms approach land as well as final storm footprint (or equivalent) for company specific loss estimates after each storm.

  • Hurricane loss projection models may make assumptions as to the relationship of the amount of insurance to the replacement cost, repair cost, or actual cash value of property.

  • The District would have the ability to recover Builder’s Risk deductible payments in a federally declared disaster such as a Hurricane loss.

  • Capability to obtain real time event loss estimates and onlineclient specific and industry Hurricane loss estimates as storms approach land as well as final storm footprint (or equivalent) for company specific loss estimates after each storm.

  • Hurricane loss projection models may also include assumptions made by insurers using the model.

  • Hurricane loss projection models shall not make a prospective provision for economic inflation.Reference: Module 1, Section I, B.4 Reference: Module 1, Section I, C.1.a Reference: Module 1, Section III, #2 Reference: Module 3, Section V Reference: Module 3, Section VII Catalyst losses and loss costs do not include expenses, risk load, investment income, premium reserves, taxes, assessments, or profit margin.

  • Hurricane loss modeling is widely accepted in world wide insurance markets to determine the adequacy of rates for hurricane exposures in coastal areas.

  • O’Keefe that, to the extent the O’Keefes elected to purchase Federal flood insurance, the State Farm homeowner’s policy would be supplemental to the Federal flood coverage, and the State Farm Homeowner’s policy would pick up where the Federal flood coverage ended, and provide coverage for any damage to the O’Keefes’ dwelling above and beyond the limits of the federal flood coverage in the event of a catastrophic Hurricane loss involving both wind and storm surge.


More Definitions of Hurricane loss

Hurricane loss to: (1) outdoor radio and television antennas or satellite dishes and aerials including their lead wiring, masts or towers; or (2) awnings, aluminum framed screened enclosures, or aluminum framed carports; or (3) solar water heating systems including solar panels, pipes supplying and returning water to solar panels, and equipment or devices controlling solar water heating systems; or
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Related to Hurricane loss

  • Economic loss means any economic detriment suffered by a victim as a direct and proximate result of the commission of an offense and includes any loss of income due to lost time at work because of any injury caused to the victim, and any property loss, medical cost, or funeral expense incurred as a result of the commission of the offense. "Economic loss" does not include

  • 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:

  • Fraud Loss A Liquidated Loan Loss as to which there was fraud in the origination of such Mortgage Loan.

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

  • Special Hazard Loss Any Realized Loss suffered by a Mortgaged Property on account of direct physical loss, but not including (i) any loss of a type covered by a hazard insurance policy or a flood insurance policy required to be maintained with respect to such Mortgaged Property pursuant to Section 3.10 to the extent of the amount of such loss covered thereby, or (ii) any loss caused by or resulting from:

  • Catastrophic illness or “injury” means an illness or injury that is expected to incapacitate the employee for an extended period of time, or that incapacitates a member of the employee’s family which incapacity requires the employee to take time off from work for an extended period of time to care for that family member, and taking extended time off work creates a financial hardship for the employee because he or she has exhausted all of his or her sick leave and other paid time off.

  • Excess Special Hazard Loss Any Special Hazard Loss, or portion thereof, that exceeds the then applicable Special Hazard Amount.

  • 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.

  • Excess Loss The amount of any (i) Fraud Loss realized after the Fraud Loss Coverage Termination Date, (ii) Special Hazard Loss realized after the Special Hazard Coverage Termination Date or (iii) Bankruptcy Loss realized after the Bankruptcy Coverage Termination Date.

  • Excess Fraud Loss Any Fraud Loss, or portion thereof, which exceeds the then applicable Fraud Loss Amount.

  • Loss or “Losses” means any and all losses, costs (including court costs), claims, damages (including fines, penalties, and criminal or civil judgments and settlements), injuries, liabilities and expenses (including attorneys’ fees).

  • Catastrophic Event : means an unforeseen event of biotic or abiotic nature caused by human action that leads to important disturbances of agricultural production systems and forest structures, eventually causing important economic damage to the farming or forestry sectors;

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income,

  • Covered Loss or “Covered Losses” means an accidental death, dismemberment, or other Injury covered under the Policy.

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Contractor under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.

  • Casualty Loss means, with respect to all or any portion of the Assets, any destruction by fire, storm or other casualty, or any condemnation or taking or threatened condemnation or taking, of all or any portion of the Assets.

  • Waste load allocation means (i) the water quality-based annual mass load of total nitrogen or

  • Severe or "extraordinary" condition is defined as serious or extreme and/or life threatening.

  • Residual Loss means any item of gain or loss, as the case may be, of the Partnership recognized for federal income tax purposes resulting from a sale, exchange or other disposition of a Contributed Property or Adjusted Property, to the extent such item of gain or loss is not allocated pursuant to Section 6.2(b)(i)(A) or 6.2(b)(ii)(A), respectively, to eliminate Book-Tax Disparities.

  • Extraordinary Loss Any Realized Loss or portion thereof caused by or resulting from:

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

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

  • Special Hazard Loss Amount As of any Distribution Date, an amount equal to $5,477,967.00 minus the sum of (i) the aggregate amount of Special Hazard Losses allocated solely to the Class B Certificates in accordance with Section 4.02(a) and (ii) the Special Hazard Adjustment Amount (as defined below) as most recently calculated. For each anniversary of the Cut-Off Date, the Special Hazard Adjustment Amount shall be calculated and shall be equal to the amount, if any, by which the amount calculated in accordance with the preceding sentence (without giving effect to the deduction of the Special Hazard Adjustment Amount for such anniversary) exceeds the greater of (A) the product of the Special Hazard Percentage for such anniversary multiplied by the outstanding principal balance of all the Mortgage Loans on the Distribution Date immediately preceding such anniversary, (B) twice the outstanding principal balance of the Mortgage Loan in the Trust Estate which has the largest outstanding principal balance on the Distribution Date immediately preceding such anniversary and (C) that which is necessary to maintain the original ratings on the Certificates as evidenced by letters to that effect delivered by Rating Agencies to the Master Servicer and the Trust Administrator. On and after the Cross-Over Date, the Special Hazard Loss Amount shall be zero.

  • Material Loss means an uninsured:

  • Accidental Damage means physical damage, breakage or failure of Your Covered Equipment due to an unforeseen and unintentional event occurring either due to handling (e.g., dropping the Covered Equipment or through liquid contact) or due to an external event (e.g., extreme environmental or atmospheric conditions). The damage must affect the functionality of Your Covered Equipment, which includes cracks to the display screen that affect the visibility of the display.

  • Cram Down Loss means, with respect to any Receivable (other than a Defaulted Receivable) as to which any court in any bankruptcy, insolvency or other similar Proceeding issues an order reducing the principal amount to be paid on such Receivable or otherwise modifies any payment terms with respect thereto, an amount equal to the amount of the principal reduction ordered by such court. A “Cram Down Loss” will be deemed to have occurred on the date of issuance of such court’s order.