Calculating indemnification. 7.1 The amount of the insurance reimbursement shall be defined as reinstatement, market or replacement value of the subject insured within the scope of the sum insured excluding deductible and paid sums for previous events ( if any).
Appears in 4 contracts
Sources: Property Insurance Agreement, Property Insurance Agreement, Property Insurance Agreement
Calculating indemnification.
7.1 The amount of the insurance reimbursement shall be defined as reinstatement, market or replacement value of the subject insured within the scope of the sum insured excluding deductible and paid sums for previous events ( if any).
Appears in 2 contracts
Sources: Property Insurance Terms and Conditions, Property Insurance Terms and Conditions