Insurable Event definition

Insurable Event means an event, loss or damage for which the Insured/Insured Person is entitled to benefit/s under the Policy.
Insurable Event means an event, loss or damage for which the Insured person shall be compensated under this policy.
Insurable Event means an event, loss or damage for which You shall be reimbursed under this Policy

Examples of Insurable Event in a sentence

  • Further, to the extent any insurance payment for an Insurable Event is received after the Closing by Parent, and not by the Company or its Subsidiaries, Parent shall promptly remit such payment to Buyer.

  • If during one Insurable Event are established injures to several structures, which are indicated in one paragraph of a clause, the percentage of the Insurance Indemnity shall ont be summed up unless indicated otherwise.

  • I.9. In case of fracture/dislocations of bones, damage to soft tissues, muscles, tendons, ligaments are damaged as a result of a single Insurable Event, the Insurance Indemnity shall be paid in accordance with a single Clause which refers to the most serious injury and the maximum Insurance Indemnity.

  • If such notice is given within the forty-eight (48) hour period or six (6) hour period as required by Section 14.1.1, then unless the provisions of Section 14.2 apply, the affected Party shall be excused from such failure or delay pursuant from the date of commencement of the relevant event provided that no Insurable Event or Non-Insurable Event shall excuse the late payment of money when due.

  • I.4. If the Insurable Event causes the incurable loss of the Insured’s organ (a function thereof) whose part (or part of the function thereof) has been lost already before the Insurable Event, the percentage of the Insurance Indemnity payable in such case shall be reduced considering the loss of organ part (or part of function thereof) that existed before the Insurable Event.


More Definitions of Insurable Event

Insurable Event means an event stated in the specific Special Terms and Conditions and/or the Insurance Certificate (Policy), upon which occurrence the Insurer pays the Insurance Indemnity under procedure and within terms stated in the Contract. However, in any case, this means only the event, which has occurred after the effective moment of the Contract and during the validity term of the Insurance Coverage and which is not the Uninsurable Event according to the Contract can be recognized as the Insurable Event. The Insurable Event must be substantiated with proper evidence and documents of a form and content acceptable to the Insurer.
Insurable Event means an event, loss or damage for which the Insured is entitled to benefit/s under this Policy
Insurable Event means an event, loss or damage for which the Insured/ Insured Person is entitled to benefit/s under this Policy. "Kidnapping" means the wrongful abduction and holding under duress or by fraudulent means of the Insured /Insured Persons by any person or group making a ransom demand or series of ransom demands for the release of the Insured /Insured Persons.
Insurable Event means all events and consequences of an event against which the Parties agree it is reasonable to expect to be covered, and which shall be covered, by the insurances listed in Exhibit 5.
Insurable Event means an event that is covered under the Policy; and which is in accordance with the Policy Terms & Conditions;
Insurable Event means fire, theft and other commonly insurable events in relation to premises contents.
Insurable Event has the meaning given to this term in clause 25.2;