Section Sum Insured definition

Section Sum Insured means and denotes the amount of cover available under each Section as stated in the Schedule (and, where appropriate, as more particularly described and limited per item insured in schedule). This is the maximum amount that We shall pay for each and every claim and in all under that benefit, subject always to the Sum Insured.
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Section Sum Insured means the amount stated in the Schedule which is the maximum amount for any one claim and in the aggregate for all claims for which the Company will make payment in relation to the Section to which the Section Sum Insured relates during the Policy Period GENERAL CONDITIONS (APPLICABLE TO ALL SECTIONS)1 Due ObservanceThe due observance of and compliance with the terms, provisions, warranties and conditions of this Policy insofar as they relate to anything to be done or complied with by the Insured shall be a condition precedent to any liability of the Company under this Policy. 2 Duty of DisclosureThe Policy shall be null and void and no benefit shall be payable in the event of untrue or incorrect statements, mis-representation, mis-description or on non-disclosure in any material particular in the proposal form, personal statement, declaration and connected documents, or any material information having been withheld. 3 Records to be MaintainedThe Insured shall possess all legal ownership rights with regard to the agricultural land and the cultivated crop as specified in the Schedule. The Insured shall provide to the Company all such documents as may be required by the Company for verification of Insured’s ownership over the agricultural land and the cultivated crop. 4 ContributionIf at the time of any claim under this Policy, there is any other insurance which covers (or would but for the existence of this Policy cover) the same claim (in whole or in part), then the Company shall not be liable to pay or contribute more than its rateable proportion of any claim. 5 FraudIf the Insured and/or any claimant under this Policy shall make or advance any claim knowing the same to be false or fraudulent as regards to amount or otherwise, or if any fraudulent means are used by the Insured and/or any claimant to obtain any benefit underthis Policy, this Policy shall be void and all claims or payments hereunder shall be forfeited. 6 Cancellation
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Examples of Section Sum Insured in a sentence

  • We shall reimburse You, upto the Section Sum Insured for new items that You purchased anytime during the Policy Year, if the same are lost, Damaged or destroyed by an Insured event under Coverage “Section I –Home Protection” or “Section II – Additional Protection”.

  • Such period not exceeding such reasonable time as is required to restore the premises with due diligence to a condition fit for occupation or the maximum indemnity period of twelve (12) months whichever is earlier provided that Our liability should not exceed the Section Sum Insured mentioned in Policy Schedule.

  • In the event of Property insured being Damaged by any of the specified perils under Section I – Coverage for Your Home” or “Section II – Additional Protection”, We shall indemnify on the basis of Purchase/Invoice Price as per Section Sum Insured specified in the Policy Schedule or upto 10% of the Personal Possessions/Contents I (B) with an excess Rs.1000 for each and every claim.

  • PROVIDED that Our liability shall in no case exceed in respect of each item the Section Sum Insured expressed in the said Schedule to be Insured thereon or in the whole the total Sum Insured hereby or such other sum or sums as may be substituted therefore by memorandum hereon or attached hereto signed by or on behalf of the Company.

Related to Section Sum Insured

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • Blanket insurance policy means a group policy covering a defined class of

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.

  • Insurance Provider s Tender” means the completed Tendering Document submitted by the Insurance Provider to the Procuring Entity

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • R&W Insurer means AIG Specialty Insurance Company.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Excess Insurance shall not apply to any insurance coverage currently held by The Government of Bermuda, or to our Self-Insured Retentions of whatever nature.

  • Certificate of Insurance means a document showing that an insurance policy has been written and includes a statement of the coverage of the policy.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Property Insurance is defined in Section 6.10(a).

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Insured means the Executive.

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.