Examples of Loss of Use in a sentence
The Company will pay the full cost of the Accidental Death, Dismemberment and Loss of Use Insurance for the principal sum of $25,000.
For each type of insurance selected, indicate applicable limits of coverage or other conditions in the fill point below the selected item.) « » [ ] § A.2.4.1 Loss of Use, Business Interruption, and Delay in Completion Insurance, to reimburse the Owner for loss of use of the Owner’s property, or the inability to conduct normal operations due to a covered cause of loss.
The estimated number of days of Loss of Use shall be calculated as follows (assuming that all Loss of Use begins on a Monday and that 1 repair day is equal to 4 labor hours): the total number of labor hours in the repair estimate divided by 4 hours to determine the number of repair days, plus 2 weekend days for every 5 repair days, plus 3 administrative days to obtain a repair estimate, deliver and retrieve the Vehicle for repairs, etc.