Named Perils definition

Named Perils means: (1) FIRE OR LIGHTNING (2) EXPLOSION: Except with respect to explosion of natural, coal or manufactured gas, there shall in no event be any liability hereunder for loss or damage caused by explosion, rupture or bursting or of the following property owned, operated or controlled by the Insured; (i) The portions containing steam or water under steam pressure of all boilers generating steam, and piping or other equipment connected to said boilers and containing steam or water under steam pressure; (ii) piping and apparatus or parts thereof normally containing steam or water under steam pressure from an external source and while under such pressure; (iii) the combustion ▇▇▇▇▇▇▇▇ or fire boxes of steam generating boilers of the chemical recovery type and the flues or passages which conduct the gases of combustion therefrom: (iv) smelt dissolving tanks; (b) other vessels and apparatus, and pipes connected therewith, while under pressure, or while in use or in operation, provided their maximum normal internal working pressure exceeds 103 kilopascals (15 pounds) per square inch) above atmospheric pressure except that liability is specifically assumed for loss or damage resulting from the explosion of manually portable gas cylinders; (c) moving or rotating machinery parts of same when such loss or damage is caused by centrifugal force or mechanical breakdown; (d) any vessels and apparatus and pipes connected therewith while undergoing pressure tests, but this exclusion shall not apply to other property insured hereunder that has been damaged by such explosion; (e) gas turbines; The following are not explosions within the intent or meaning of this section: (i) electric arcing or any coincident rupture of electrical equipment due to such arcing; (ii) bursting or rupture caused by hydrostatic pressure or freezing; (iii) bursting or rupture of any safety disc, rupture diaphragm or fusible plug. (3) IMPACT BY AIRCRAFT, SPACECRAFT OR LAND VEHICLE: The terms Aircraft and Spacecraft include articles dropped therefrom. There shall in no event be any liability hereunder due to cumulative damage or for loss or damage: (a) caused by land vehicles belonging to or under the control of the Insured or any of his employees; (b) to aircraft, spacecraft or land vehicles causing the loss; (c) caused by any aircraft or spacecraft when being taxied or moved inside or outside of “buildings”.
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Named Perils means: Fire, lightning, explosion, smoke, windstorm, hail, riot, civil commotion, aircraft, vehicles, vandalism, sprinkler leakage, sinkhole collapse, volcanic action, watercraft and malicious intent.
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Named Perils means the following perils:
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Examples of Named Perils in a sentence

  • This exclusion does not apply to loss or damage caused directly by "Named Perils".

  • Attached to and forming part of the Commercial Building and Contents – Named Perils SR1004.

  • This is a Named Perils policy and provides coverage only for the insured events listed within this policy.

  • This Contract shall indemnify the Reinsured for losses arising out of "Named Perils" in respect of business arising from its International Property Whole Account.

  • Unnamed Locations $ 5,000,000 Per Occurrence - Debris Removal $ 7,500,000 BI - Spartanburg SC Only $500,000 BI - Anaheim and LA, CA and Waikiki, HI Only $200,000 BI - All Other Locations $ 2,500,000 Ingress/Egress - Up to 14 days $ 2,500,000 Interruption by Civil Authority - Up to 14 dys $ 2,500,000 Property in the course of Construction All Risk perils on locations other than franchise, surplus & vacant where Named Perils apply.

  • Asbestos Pollution (Except Named Perils & Time Element Professional Services Nuclear ------------------------------------------------------------------------------------------------------------------------------------ McQUEARY HENRY BOWLES TROY, L.L.P ▇▇▇▇▇▇▇ ▇▇S▇▇▇▇▇▇ SCHEDULE For: LODGIAN, INC..

  • Asbestos Pollution (Except Named Perils & Time Element Professional Services Nuclear ------------------------------------------------------------------------------------------------------------------------------------ McQUEARY HENRY BOWLES TROY, L.L.P ▇▇▇▇▇▇▇ ▇N▇▇▇▇▇▇▇ SCHEDULE For: LODGIAN, INC..

  • Named Perils ensues and then only for such ensuing loss or damage.

  • If the Declaration Page shows Outbuilding Named Perils Coverage ap- plies, you are insured against direct loss or damage caused by the Named Perils as described and limited, subject to the exclusions and conditions of this policy.

  • This contingent contents coverage extends Named Perils (Fire, Lightning, Windstorm/Hail, Explosion, Riot or Civil Commotion, Aircraft, Vehicles, Smoke, Falling Objects, Weight of Ice, Snow or Sleet, Accidental Discharge or Overflow of Water or Steam, Sudden and Accidental Damage from Artificially Generated Electrical Current, and Volcanic Eruption, and Ensuing Mold, Fungus or Wet Rot) coverage subject to the terms of the policy.


More Definitions of Named Perils

Named Perils means: (a) Fire or Lightning
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Named Perils means that only those perils named in the policy language are covered; whereas “open perils” means that everything is covered unless it is specifically excluded. You can see that this could be important in a loss situation if the contents of your house are valuable.
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Named Perils means (continued):
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Named Perils is as defined in the Commercial Common Agreements, Definitions, Exclusions and Conditions Form (COMM) which form part of this policy.
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Named Perils means: (A) FIRE OR LIGHTNING (B) EXPLOSION: Except with respect to explosion of natural, coal or manufactured gas, there shall in no event be any liability hereunder for loss or damage caused by explosion, rupture or bursting in or of the following property owned, operated or controlled by the Insured: (a) the portions containing steam or water under steam pressure of all boilers generating steam, and piping or other equipment connected to said boilers and containing steam or water under steam pressure; (b) piping and apparatus or parts thereof normally containing steam or water under steam pressure from an external source and while under such pressure; (c) the combustion ▇▇▇▇▇▇▇▇ or fire boxes of steam generating boilers of the chemical recovery type and the flues or passages which conduct the gases of combustion therefrom; (d) smelt dissolving tanks; (ii) other vessels and apparatus, and pipes connected therewith, while under pressure , or while in use or in operation, provided their maximum normal internal working pressure exceeds 103 kilopascals (15 pounds per square inch) above atmospheric pressure except that liability is specifically assumed for loss or damage resulting from the explosion of manually portable gas cylinders; (iii) moving or rotating machinery or parts of same when such loss or damage is caused by centrifugal force or mechanical breakdown; (iv) any vessels and apparatus and pipes connected therewith while undergoing pressure tests, but this exclusion shall not apply to other property insured hereunder that has been damaged by such explosion; (v) gas turbines; The following are not explosions within the intent or meaning of this section; (a) electric arcing or any coincident rupture of electrical equipment due to such arcing; (b) bursting or rupture caused by hydrostatic pressure or freezing; (c) bursting or rupture of any safety disc, rupture diaphragm or fusible plug.
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Related to Named Perils

  • Specified Perils means, subject to the exclusions and conditions in this policy;

  • Covered Period means the period beginning six (6) months prior to a Change in Control and ending twenty-four (24) months after the Change in Control.

  • polygamous marriage means any marriage to which paragraph 5 applies;

  • prescribed period means 14 days;

  • Catastrophic injury or illness means a life-threatening injury or illness of an employee or a member of an employee's immediate family that totally incapacitates the employee from work, as verified by a licensed physician, and forces the employee to exhaust all leave time earned by that employee, resulting in the loss of compensation from the state for the employee. Conditions that are short-term in nature, including, but not limited to, common illnesses such as influenza and the measles, and common injuries, are not catastrophic. Chronic illnesses or injuries, such as cancer or major surgery, that result in intermittent absences from work and that are long-term in nature and require long recuperation periods may be considered catastrophic.