Examples of Insured Area in a sentence
It means the expected price per unit weight of the Stipulated Harvest which can be realized upon harvesting of the Crop in the Insured Area.
It means the recovery of the Crop in the form of dry grains or the marketable form of the produce which is expected from per unit of the Insured Area.
It means yield per hectare of the Crop calculated on the basis of requisite number of Crop Cutting Experiments in the insured season, for Defined Area or yield of Crop for the Insured Area that corresponds with the Policy Period.
The Insured shall not be entitled to abandon any Crop/ Insured Area, whether the Company has taken possession of the same or not.
In the event the Insured farmer is prevented from sowing/planting in the Insured Area due to deficit rainfall or adverse seasonal conditions, such insured farmer who failed to sow/plant (but otherwise has every intention to sow/plant and incurred expenditure for the purpose), shall be eligible for indemnity.
The value of the Threshold Yield of the Crop shall be calculated as under, Value of Threshold Yield = Threshold Yield x MSP (Minimum Support Price)Where, Threshold Yield = Insured Area x Average Yield x Level of Indemnity 5.
The Company hereby agrees, subject to the terms, conditions and exclusions herein contained, or otherwise expressed herein, to compensate the Insured, in the manner specified in the Schedule, for the shortfall in yield as stated in the Policy, resulting from peril specified under “Risks covered” and within the Insured Area and Policy Period, subject to the maximum Sum Insured specified in Part I of the Schedule to this Policy in the manner specified.
Drought, Dry spells, Flood, Inundation, Pests and Diseases, Landslides, Natural Fire and Lightening, Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane and Tornado, if such deviation is as stated in coverage and within the Insured Area and Policy Period, subject to the maximum Sum Insured specified in the Schedule to this Policy in the manner specified.
The sum insured is determined by multiplying the Insured Area times the 80% coverage Insured Yield times the agreed insured value per kilogram of raw cotton.
Name of the Insured: Risk Proposed to be Insured<Attach details in Annexture> Peril (s) against which Risk is proposed to be Insured Area of Coverage: Period of Insurance From: Deductible/Excess:Limit of Indemnity: (List/attach Annexure)To: Version: PF/Ver - 1 OCT2020Information Package:i.