Examples of Time Element in a sentence
If your Company does not write time element ALE coverage, initial ‘No – Time Element ALE’ box below.
If your Company writes Covered Policies that provide ALE coverage on a time element basis (i.e., coverage is based on a specific period of time as opposed to a stated dollar limit), you must initial the ‘Yes – Time Element ALE’ box below.
Time Element: 1% of 12 months gross earnings at location, per occurrence c.
If your Company writes Covered Policies that provide ALE coverage on a time element basis (i.e., coverage is based on a specific period of time as opposed to a stated dollar limit), you must initial the 'Yes - Time Element ALE' box below.
Subject to the other terms, conditions and exclusions contained in this Contract, this Contract will cover physical damage to property insured under the original policies and any Time Element Loss directly resulting therefrom where such physical damage is directly occasioned by any of the following perils: fire, lightning, explosion, aircraft or vehicle impact, falling objects, windstorm, hail, tornado, cyclone, hurricane, earthquake, volcano, tsunami, flood, freeze or weight of snow Definitions 3.
If your Company does not write time element ALE coverage, initial 'No - Time Element ALE' box below.
The interruption in utility service must result from direct physical loss or damage by a Covered Cause of Loss to the utility service located outside of a covered building at a described premises in the Declarations.This Supplemental Coverage Utility Services – Time Element does not apply to Business Income and/or Extra Expense related to interruption in utility service which causes loss or damage to Electronic Data, including its destruction or corruption.
If your Company writes Covered Policies that provide ALE coverage on a time element basis (i.e. coverage is based on a specific period of time as opposed to a stated dollar limit), you must initial the ‘Yes – Time Element ALE’ box below.
This Monthly Limitation of Indemnity is payable for each period of 30 consecutive days after the beginning of the Period of Interruption and is calculated by multiplying the scheduled Time Element value by the fraction shown elsewhere.
This Monthly Limitation Of Indemnity shall apply to all Time Element coverages, except those that have a sublimit.