Catastrophe Claims Clause Samples

Catastrophe Claims. If a claim results from a weather-related catastrophe or a major natural disaster, each claim-handling deadline shown in D. Duties After Loss and L. Loss Payment is extended for an additional 15 days. Catastrophe or Major Natural Disaster means a weather-related event which:

Catastrophe Claims. If a claim results from a weather related catastrophe or a major natural disaster, each claim handling deadline shown under the Duties After Loss and Loss Payment provisions is extended for an additional 15 days. Catastrophe or Major Natural Disaster means a weather related event which: a. is declared a disaster under the Texas Disaster Act of 1975; or b. is determined to be a catastrophe by the State Board of Insurance. on property covered by this policy, but other insurance covering the dwelling is not permitted. If a loss covered by this policy is also covered by other insurance, we will pay only the proportion of the loss that the limit of liability that applies under this policy bears to the total amount of insurance covering the loss.

Catastrophe Claims. If a claim results from a weather related catastrophe or a major natural disaster, each claim handling dead- line shown under the Duties After Loss and Loss Payment provisions is extended for an additional 15 days. Catastrophe or Major Natural Disaster means a occupancy or substantial change in risk known to the mortgagee. All of the terms of this policy will then apply directly to the mortgagee. Failure of the mortgagee to comply with d.(1), d.(2) or d.(3) above shall void this policy as to the interest of the mortgagee.