Insured Risk definition

Insured Risk means a probability for occurrence of the Insurable Event and/or the amount of possible damages or injuries caused by this Insured Event.

Insured Risk means a probability for occurrence of the Insurable Event.

Insured Risk means a risk against which insurance is taken out. In the given case, the insured risk is the risk of any sudden and unexpected damaging of the car, except of the risks mentioned in clause 3 of section 2.

Examples of Insured Risk in a sentence

• Costs arising from any damage or destruction to the Estate caused by an Insured Risk or an Uninsured Risk.

• Costs arising from any damage or destruction to the Building caused by an Insured Risk or an Uninsured Risk.

• Each party will, forthwith upon Having Knowledge, notify the other if a Principal Insured Risk becomes or is expected to become Uninsurable.

• The Landlord must take reasonable steps to obtain any consents necessary for the reinstatement of the Building following destruction or damage by an Insured Risk.

• If there is destruction or damage to the Estate by an Uninsured Risk that leaves the whole or substantially the whole of the Premises unfit for occupation and use or inaccessible over the Estate and the Landlord notifies the Tenant within 12 months afterwards that the Landlord wishes to reinstate, paragraphs 2.3 and 2.4 of this Part of the Schedule will then apply as if the damage or destruction had been caused by an Insured Risk.

More Definitions of Insured Risk

Insured Risk means any risk against which the Landlord shall at the time of the damage or destruction in question have effected insurance.

Insured Risk so long as cover is available from time to time with reputable insurance offices in the United Kingdom or through underwriters at Lloyd's on reasonable commercial terms, and subject to any normal Insurance Excess and market exclusions and conditions of such cover, the following risks: fire and other casualty; subterranean fire; lightning; storm; tempest; sprinkler leakage (if the Premises are filled with sprinklers); flood; explosion; bursting or overflowing of water tanks, apparatus or pipes or the escape of water from any of them; aircraft or other aerial devices or articles dropped or falling from any of them; riot; civil commotion; malicious damage; impact; earthquake; heave; landslip; subsidence; and such other risks (including Terrorism) which the Landlord reasonably requires from time to time or against which the Tenant may from time to time elect to insure. Lease: this lease and any document which is supplemental to it. Management Fee is a fee paid pursuant to a Management Agreement. Management Agreement is any agreement, whether written or oral, between Tenant and any other party (including an Affiliate of Tenant) pursuant to which Tenant provides any payment, fee or other consideration to such party to operate or manage the Premises or to provide management, advisory or other services relating to the operation thereof. Order: the Regulatory Reform (Business Tenancies) (England and Wales) Order 2003.

Insured Risk means any of the risks referred to in Clauses 7.2.1 and 7.2.2 and any other risks against which the Lessor shall at the time of the damage or destructicn in question have reasonably effected insurance subject to the excesses exclusions or limitations referred to in Clause 7.1.

Insured Risk means fire, explosion, earthquake, aircraft, riot, civil commotion, flood, lightning, xxxxx, xxxxxxx, act of God, fusion, smoke, rainwater, water leakage, impact by vehicles, machinery breakdown and malicious acts or omissions and any other event which is insured against under this Lease including all other risks which the lessor considers to be necesary or expedient but an event is not an Insured Risk to the extent that the insured Lessor must bear any loss, damage or expense caused or contributed to by the event under an "excess" provision in the insurance policy;

Insured Risk means the risks described in Clause 7.1(1)(a) hereof and any other risk against which the Landlord shall have covenanted to insure hereunder or at the time of the damage or destruction in question have effected insurance

Insured Risk means a cause of the occurrence of an insured event as specified in Article 6. of these Insurance Conditions,

Insured Risk means a peril which (subject to the terms and conditions of the policy document) is insured against under Macquarie’s cargo insurance.