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

  • In the event of the Insured’s death – the document certified by the Notary Public or the person authorized by the Insurer, which proves the fact of the Insurable Event (e.

  • If the Insured has been declared to be deceased by a court, then it shall be considered as the Insurable Event, provided the day of disappearance or presumed death of the Insured falls in the Insurance Period and provided it is specified in the court decision that she/he disappeared in deathful circumstances or circumstances giving the reason to believe that the death of the Insured has been caused by the event which shall not be considered a Uninsurable Event.

  • Charges in excess of Reasonable and Customary Charges incurred on account of an Insurable Event as per the determination by TPA.

  • If the Insured has been declared missing by a court, it shall not be considered as the Insurable Event.

  • The Insurance Indemnity shall be paid no later than within 30 (thirty) days from the date of receipt of all the information and/or documents of a form and content acceptable to and requested by the Insurer and significant for determination of the fact and circumstances and consequences of the Insurable Event and the amount of the Insurance Indemnity.


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/ 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 fire, theft and other commonly insurable events in relation to premises contents.
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 that is covered under the Policy; and which is in accordance with the Policy Terms & Conditions;
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 which, when it occurs, may give rise to a right to receive an insurance indemnity.