Physical Loss or Damage definition

Physical Loss or Damage to shall mean any form of sudden and unforeseen loss or damage not specifically excluded.
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Examples of Physical Loss or Damage in a sentence

  • Acknowledging that All Risks of Physical Loss or Damage Insurance coverage is normally the responsibility of each Party, the Non-Operators authorize the Operator to add a 15% surcharge to the premium for this coverage.

  • All Risks of Physical Loss or Damage Insurance for any Facilities owned by the Joint Account covering the value of such Facilities, subject to a $250,000 deductible per occurrence.

  • In consideration of the premium paid, and subject to the EXCLUSIONS, CONDITIONS AND LIMITATIONS of the Policy to which this Extension is attached, and also to the FOLLOWING ADDITIONAL CONDITIONS, EXCLUSIONS AND LIMITATIONS, this Policy is extended to cover loss resulting from necessary Interruption of Business caused by Direct Physical Loss or Damage, as covered by the Policy to which this Extension is attached, to the Property Insured.

  • MACH Gen, LLC; New Athens Generating Company, LLC; New Harquahala Generating Company, LLC; Millennium Power Partners, L.P. Insurance Contract No. DG112013(1); Unique Market Reference B0509DG112013 (All Risks of Direct Physical Loss or Damage including Boiler Explosion and Machinery Breakdown) $0.00 ▇▇▇▇▇ LTD International Insurance Company of Hanover Ltd.

  • In the event the City shall construct or install facilities on the Property, the City shall carry and maintain Property Insurance, in the amount of the full replacement cost of the facilities and contents, as necessary to protect the City from the risk of loss of the Property or any contents therein owned by the City on an All Risks of Direct Physical Loss or Damage perils basis of coverage.

  • Section A: All Risks of Physical Loss or Damage to property forming part of Borrowers’ operations and/or other Property in the Care, Custody or Control of the Assured including Removal of Debris and/or Wreck and for ▇▇▇ & Labor.

  • Section A: All Risks of Physical Loss or Damage to property forming part of Borrower’s operations and/or other Property in the Care, Custody or Control of the Assured including Removal of Debris and/or Wreck and for S▇▇ & Labor.

  • All Risks (including Sabotage & Terrorism) of Physical Loss or Damage to property forming part of the Borrowers’ operations and/or other property in the care, custody or control of the insured including Removal of Debris and/or Wreck and for S▇▇ & Labor.

  • In the event the City shall construct or install facilities or equipment on the Property, the City shall carry and maintain Property Insurance, in the amount of the full replacement cost of the facilities or equipment and contents, as necessary to protect the City from the risk of loss of the Property or any contents therein owned by the City on an All Risks of Direct Physical Loss or Damage perils basis of coverage.

  • Tenant shall obtain and maintain "Direct Causes of Physical Loss or Damage" coverage insurance on all of Tenant's Installations in the Premises from the date of their installation, with a waiver of subrogation in favor of Landlord.

Related to Physical Loss or Damage

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Major Damage means damage that in the estimation of the surveyor exceeds USD

  • Direct Damage has the meaning given in clause 24.2; "Dispute" has the meaning given in clause 23.1;

  • Catastrophic Damage as used hereunder is major change or damage to In- cluded Timber on Sale Area, to Sale Area, to access to Sale Area, or a combination thereof: