Physical Damage to Property definition

Physical Damage to Property shall be endorsed to read: “means direct and accidental loss of or damage to all property owned by any named insured and all property in any named insured’ care, custody, and control arising out of the acts or omissions of the contractor named on the Declarations. In lieu of providing a Railroad Protective Liability Policy, Licensee may participate (if available) in Railway’s Blanket Railroad Protective Liability Insurance Policy.
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Physical Damage to Property means direct and accidental loss of or damage to rolling stock and their contents, mechanical construction equipment or motive power equipment, railroad tracks, roadbeds, catenaries, signals, bridges or buildings.
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Physical Damage to Property means physical injury to, or destruction of, tangible property, including loss of use there from.
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Examples of Physical Damage to Property in a sentence

  • Residents should ensure they want the Property for the full Period before entering into this agreement because they are making a legally binding commitment to pay the Accommodation Fees, for themselves and their house-mates, for the full Period.

  • The Design-Build Team shall obtain individual NCRR and NSR Railroad Protective Liability Insurance for Bodily Injury Liability, Property Damage Liability and Physical Damage to Property to Railroad Owner and Railroad Operator.

  • If equivalent or broader wording is not contained in the policy form, the following endorsement must be included: It is agreed that "Physical Damage to Property" means direct and accidental loss of or damage to all property owned by Owner and/or all property in the care, custody and control of Owner.

  • The policy shall be broad form coverage for "Physical Damage to Property" (ISO Form CG 00 35 or equivalent) and include pollution arising out of fuels and lubricants brought to the job site (ISO Form CG 28 31 or equivalent).

  • The policy form should be ISO CG 00 35 (06/90) or other equivalent RIMA/AASFITO approved form including coverage for "Physical Damage to Property" and coverage for pollution arising out of fuels or lubricants brought to the job site (i.e., ISO Form CG 28 31).

  • The limits of liability must be as follows: Combined Single Limit for Bodily Injury Liability, Property Damage Liability, and Physical Damage to Property: $2 million per occurrence with an aggregate of $6 million for the term of the policy.

  • The Design-Build Team shall be responsible for providing Railroad Protective Liability Insurance for Bodily Injury Liability, Property Damage Liability, and Physical Damage to Property in the amount of $2,000,000 Per Occurrence for freight rail and / or $5,000,000 for passenger rail.

  • The policy shall be broad form coverage for "Physical Damage to Property" (ISO Form CG 00 35 or equivalent).

  • The minimum amount of insurance to be provided shall be limited to a combined single limit amount of Two Million Dollars ($2,000,000) per occurrence for Bodily Injury Liability, Property Damage Liability, and Physical Damage to Property, with Six Million Dollars ($6,000,000) aggregate for theterm of the policy with respect to Bodily Injury, Liability, Property Damage Liability and Physical Damage to Property.

  • In no event will the limits exceed the following: Bodily Injury Liability, Property Damage Liability: $2,000,000 each occurrence Liability and Physical Damage to Property: $6,000,000 aggregate The limits of liability stated above apply to the coverage's as set forth in the Railroad Protective Liability Endorsement Form, subject to the terms, conditions, and exclusions found in the form.


More Definitions of Physical Damage to Property

Physical Damage to Property means direct and accidental loss of or damage to all property owned by any Named Insured and all property in any Named Insured’s care, custody and control.
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Related to Physical Damage to Property

  • Substantial damage means damage of any origin sustained by a structure whereby the cost of restoring the structure to its before damaged condition would equal or exceed 50 percent of the market value of the structure before the damage occurred.

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Catastrophic illness or injury means one of the following:

  • Consequential Damages means Losses claimed to have resulted from any indirect, incidental, reliance, special, consequential, punitive, exemplary, multiple or any other Loss, including damages claimed to have resulted from harm to business, loss of anticipated revenues, savings, or profits, or other economic Loss claimed to have been suffered not measured by the prevailing Party’s actual damages, and any other damages typically considered consequential damages under Applicable Law, regardless of whether the Parties knew or had been advised of the possibility that such damages could result in connection with or arising from anything said, omitted, or done hereunder or related hereto, including willful acts or omissions.

  • Consequential Loss means indirect or consequential loss or damage such as, but not limited to, loss of contract, bargain, expectation, opportunity, profit, production, revenue, anticipated cost reduction or interest payable howsoever caused, arising out of or in connection with this Contract.

  • Serious bodily injury means bodily injury which involves a substantial risk of death, extreme physical pain, protracted obvious disfigurement or protracted loss or impairment of the function of a bodily member, organ or mental faculty.

  • Bodily injury means bodily injury, sickness or disease sustained by a person, including death resulting from any of these at any time.

  • Accidental Bodily Injury means an Injury sustained as the result of an Accident and independently of all other causes by an outside traumatic event or due to exposure to the elements.