Examples of Insured Amounts in a sentence
Insured Amount ClauseThe Insured Amount (where stated) in the Policy Schedule in respect of Hull, Machinery, Fixtures and Fittings, Equipment and Accessories, Tender shall represent separate Insured Amounts for the purpose of calculating the maximum amount payable in respect of each item when a claim is made under this Policy.
In the event that Loss of or Damage to property occurs and the cause of the Loss or Damage is declared a terrorist incident by the responsible Minister, then You may be afforded protection within the Insured Amounts, Limits of Indemnity or other limits of this Policy by virtue of the Terrorism Insurance Act 2003.
Your insurance Policy is made up of this Policy wording, any Endorsements and the Schedule, which shows the Insured Amounts, Limits of Indemnity, or other limits of insurance cover, the premium and any relevant government charges.
Where We have agreed to insure You, We confirm this by issuing You with a Schedule which provides details relevant to You, such as Insured Amounts, Limits of Liability, Premium and Excesses.
The Insured Amounts for Money cover are automatically increased by 100% or $75,000 whichever is the lesser on days that are gazetted bank or public holidays.