Property coverage definition

Property coverage means coverage for the damage or loss of a

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Property coverage. Such an insurance shall be endorsed naming the COUNTY of Los Angeles as loss payee, provide deductibles of no greater than 5% of the property value.

Property coverage means property coverage provided by self-insurance or insurance for real or personal property of every kind and every interest in such property against loss or damage from any hazard or cause and against any loss con- sequential to such loss or damage.

Examples of Property coverage in a sentence

• The loss of, loss of use of, damage to, corruption of, inability to access, or inability to manipulate electronic data, regardless of cause, except as provided in the Property coverage part for restoration of valuable papers.

• The property covered under the Property coverage part is limited to property that you own or hold or for which you are legally liable.

• In the event that damage or loss to the work is covered by any Builder’s Risk or similar Property coverage on the Project, the Subcontractor shall be responsible for the payment of the entire deductible for any losses caused in whole or in party by the Subcontractor’s acts or omissions, or the acts or omissions of anyone working on its behalf.

• For the OCIP or CCIP, as applicable, and Owner’s Operating Property coverage, each Party and Contractor Interests shall be named as an additional insured thereon, at no cost to Contractor.

• Covering risks with a total insured value greater than $500,000 (property coverages only, including Personal Property coverage and Extensions of Coverage as defined in the Company’s policies), subject to the exclusions of such per risk treaty.

More Definitions of Property coverage

Property coverage. School given exclusive use of County owned or leased property of the total combined value of more than $100,000 shall carry property coverage at least as broad as that provided by the ISO special causes of loss (ISO policy form CP 10 30) form. The County and its Agents shall be named as an Additional Insured and Loss Payee on School's insurance as its interests may appear. Automobiles and mobile equipment shall be insured for their actual cash value. Real property and all other personal property shall be insured for their full replacement value.

Property coverage means insurance coverage for loss or damage to property. Property includes real property (land and buildings) and moveable property (equipment, files etc).

Property coverage. District given exclusive use of County owned or leased property of the total combined value of more than $100,000 shall carry property coverage at least as broad as that provided by the ISO special causes of loss (ISO policy form CP 10 30) form. The County and its Agents shall be named as an Additional Insured and Loss Payee on District's insurance as its interests may appear. Automobiles and mobile equipment shall be insured for their actual cash value. Real property and all other personal property shall be insured for their full replacement value.

Property coverage. All risk of physical loss; Equipment must be insured for at least the total original cost 17 COVENANTS. By executing and delivering to Lessor the Lessee Acceptance Certificate included within each applicable Schedule Lessee warrants, covenants and agrees that (a) Lessee has received all of the Equipment described in such Schedule at the location, described in such Schedule; (b) Lessee has duly inspected and accepts such Equipment without reservation; (c) Lessee L, unconditionally bound to pay to Lessor the total rent and other payments due under the Lease, whether or not the related Equipment may now or hereafter become unsatisfactory in any respect; and (d) notwithstanding anything contained herein, Lessor and Lessee shall continue to have all rights which either of them might otherwise have with respect to the related Equipment against any manufacturer or seller of such Equipment or any part thereof.

Property coverage means coverage for the damage or loss of a structure or building and may include any or all of the following:

Property coverage. All risk of physical loss; Equipment must be insured for at least the total original cost.

Property coverage means a ratio in which the numerator is Property EBITDARM as set forth in the financial statements provided to Credit Parties by the borrowers or lessees of the applicable Property, and the denominator is the required lease payments and/or required debt service payments, as the case may be, for such Property for the following twelve (12) month period. For purposes of calculating the required lease payments, lease payments for the Initial Pool Properties shall be allocated in the manner set forth in Schedule 1.3 hereto. Allocations for future Pool Properties must be approved by Agent in its reasonable discretion.