Property Damage Insurance definition

Property Damage Insurance means insurance against loss of or damage to property that is not included in or incidental to some other class of insurance defined by or under this Act; (assurance contre les dommages matériels)

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Property Damage Insurance. Property damage insurance on an "all risk" basis (with customary conditions and exclusions) including coverage against damage or loss caused by earth movement and flood and providing coverage for the Project other than the Satellite (the "COVERED PROPERTY") in a minimum aggregate amount equal to the "full insurable value" of the Covered Property. For purposes of this clause (ii), "full insurable value" shall mean the full replacement value of the Covered Property, including any improvements and equipment and supplies, without deduction for physical depreciation or obsolescence; all such policies may have deductibles of not greater than one million Dollars ($1,000,000) (or its equivalent in another currency or other currencies) except for earth movement insurance which shall have the lowest deductible as shall (in the opinion of AEF) be available on commercially reasonable terms in the insurance market place. Such insurance shall include an "agreed amount" clause.

Property Damage Insurance. For Landlord: $2,000,000 100% of the full replacement value of the insured property 100% of the full replacement value of the Building and Property

Examples of Property Damage Insurance in a sentence

• The amount of Property Damage Insurance shall not be less than $300,000.00 per occurrence.

• Lessor shall obtain and keep in force during the term of this Lease a policy of Combined Single Limit Bodily Injury and Broad Form Property Damage Insurance, plus coverage against such other risks Lessor deems advisable from time to time, insuring Lessor, but not Lessee, against liability arising out of the ownership, use, occupancy or maintenance of the Office Building Project in an amount not less than $5,000,000.00 per occurrence.

• Lessor shall obtain and keep in force during the term of this Lease a policy of Combined Single Limit Bodily Injury and Property Damage Insurance, insuring Lessor, but not Lessee, against any liability arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto in an amount not less than $500,000 per occurrence.

• Lessee shall, at Lessee's expense, obtain and keep in force during the term of this Lease a policy of Combined Single Limit Bodily Injury and Property Damage Insurance insuring Lessee and Lessor against any liability arising out of the use, occupancy or maintenance of the Premises and all other areas appurtenant thereto.

• The CONTRACTOR shall be required to furnish Public Liability and Property Damage Insurance with coverage to name and protect the CITY and the CONTRACTOR from all claims for damages for personal injury, including accidental death, as well as claims for property damages, which may arise from work performed under this agreement, whether such claim be a result of actions by the CONTRACTOR or any sub-contractor performing work under this agreement.

• Property Damage Insurance in an amount of not less than fifty thousand dollars ($50,000) from damages on account of any occurrence, with an aggregate limit of one hundred thousand dollars ($100,000).

• The minimum amounts of such insurance shall be the same as required for Public Liability and Property Damage Insurance.

• Property Damage Insurance – in an amount of not less than One Million ($1,000,000) Dollars from damages on account of an occurrence, with an aggregate limit of One Million ($1,000,000) Dollars.

• Before permitting any of Contractor’s subcontractors to perform any Work under this Contract, Contractor shall either (1) require each subcontractor to procure and maintain, during the life of the subcontracts, Subcontractor’s Public Liability and Property Damage Insurance of the types and in amounts as may be applicable to the Work, or (2) insure the activities of subcontractors in Contractor’s own policy.

• The Exhibitor shall, from the time of assuming control over the rented space, maintain Public Liability and Property Damage Insurance, to a limit of CAN$2,000,000 inclusive, until the rented space is released back to the HAC.

More Definitions of Property Damage Insurance

Property Damage Insurance. Property insurance on an "all risk" basis insuring the Borrower and the Secured Parties, as their interests may appear, including coverage against damage or loss caused by earth movement (including but not limited to earthquake, landslide, subsidence and volcanic eruption), flood, turbine and machinery accidents.

Property Damage Insurance. (x) Property damage insurance on an "all risk" basis (with customary conditions and exclusions) including coverage against damage or loss caused by earth movement and flood and providing coverage for its

Property Damage Insurance means the Required Insurance as set out in paragraph 1 of Schedule 17 (Insurance);

Property Damage Insurance. The Client shall obtain property damage insurance, with a minimum limit of _______________________, covering any damage to the Venue or its property caused by the Client, its guests, or any third-party vendors engaged by the Client.

Property Damage Insurance means insurance against loss or of damage to property that is not included in or incidental to some other class of insurance under this Act;

Property Damage Insurance. For Tenant: 100% of the full replacement value of the Tenant's insured personal property. For Landlord: 100% of the full replacement value of the Building and Property.