Commercial Coverage Sample Clauses
The Commercial Coverage clause defines the extent and limitations of insurance or liability coverage provided for commercial activities under the agreement. Typically, it specifies the types of risks covered, such as property damage or business interruption, and may outline minimum coverage amounts or required endorsements. This clause ensures that both parties are protected against financial losses arising from commercial operations, thereby allocating risk and providing clarity on insurance responsibilities.
Commercial Coverage. Commercial Coverage is required for any Product(s) that is: (1) equipment that has been specifically manufactured for commercial use; or (2) used in a commercial setting/environment (i.e. for use other than in a residential single-family setting). Commercial Coverage must be purchased on the same sales receipt/invoice as the covered Product and comprehensive Repair Plan. Note: Except as otherwise provided in this subsection, Commercial Coverage does not provide any of the benefits under the ADDITIONAL BENEFITS TO YOUR SERVICE AGREEMENT sections. Technological advances may result in a replacement product with a lower selling price than Your original Product. No refunds will be made based on the replacement product cost difference. If Your Product is not repairable and a replacement product is not available or under the Replacement Plan, a replacement product is not available, We will reimburse You up to the original purchase price of Your covered Product, including taxes and less claims paid, if any, and this Service Agreement will be fulfilled and all obligations satisfied. In no event shall the Administrator or We be liable for any damages as a result of the unavailability of repair parts. You may be required to ship or deliver the defective Product prior to receiving reimbursement or a replacement product. Any and all parts or units replaced under this Service Agreement become Our property in their entirety. Products installed in cabinetry and other types of built-in applications are eligible for service as long as You make the Product accessible to the service technician. We are not responsible for the dismantling, removal or reinstallation of fixed infrastructure when removing, or returning a repaired or replaced Product into a custom installation.
1. FOOD LOSS PROTECTION FOR REFRIGERATORS AND FREEZERS ONLY: To receive coverage for food loss, the Failure of Your refrigerator or freezer must be due to a covered Failure to Your appliance Product, excluding icemaker repairs. You will be reimbursed up to $250.00 per qualified service repair per year, subject to the contract term of this Service Agreement. Request for service should be initiated within 24 hours from discovery of refrigeration Failure. To receive payment under this benefit, You must have Your Product repaired by a service center authorized by Us and submit the following: an itemized list of food lost due to the lack of refrigeration and proof of purchase for the replaced food.
Commercial Coverage. Commercial Coverage is required for any Product(s) that is: (1) equipment that has been specifically manufactured for commercial use; or (2) used in a commercial setting/environment (i.e. for use other than in a residential single-family setting). Note: Except as otherwise provided in this subsection, Commercial Coverage does not provide any of the benefits under the OPTIONAL COVERAGES or ADDITIONAL BENEFITS TO YOUR SERVICE AGREEMENT sections.
Commercial Coverage. For residential and commercial grade products used in a Commercial setting/environment (”Commercial” use means any use of the Covered Product(s) in any setting other than in a residential single-family setting), a Commercial Plan is required. If purchased, this Agreement covers replacement parts and labor necessary to repair the Covered Product that is used in a Commercial setting in those cases where the manufacturer’s warranty is null and void. Coverage under this Agreement will begin from the date of purchase and continue for the period of time stated on the Confirmation Email for this Agreement, Your sales receipt or invoice; provided however, for selected products that are manufactured specifically for commercial use and include a manufacturer’s warranty, coverage begins upon expiration of the shortest portion of the manufacturers or Seller’s parts and/or labor warranty. During the manufacturer’s warranty period, any parts, labor, on-site service or shipping costs covered by that warranty are the sole responsibility of the manufacturer. Note: Special Features, Benefits, or Optional Plans and Major Component coverage for appliance service agreements, are not available for products under the Commercial Plan.
Commercial Coverage. For residential and commercial grade products used in a Commercial setting/environment (i.e., for any use other than in a residential single-family setting), a Commercial Plan is required. If purchased, this Agreement covers replacement parts and labor necessary to repair the Covered Product that is used in a Commercial setting in those cases where the manufacturer’s warranty is null and void. Coverage under this Agreement will begin from the date of purchase and continue for the period of time stated on the Welcome Email for this Agreement, Your sales receipt or invoice; provided however, for selected products that are manufactured specifically for commercial use and include a manufacturer’s warranty, coverage begins upon expiration of the shortest portion of the manufacturers or Seller’s parts and/or labor warranty. During the manufacturer’s warranty period, any parts, labor, on-site service or shipping costs covered by that warranty are the sole responsibility of the manufacturer. Note: Special Features, Benefits, or Optional Plans and Major Component coverage for appliance service agreements, are not available for products under the Commercial Plan.
Commercial Coverage. When “Commercial Coverage” is purchased as evidenced on Your sales receipt, coverage under this Service Agreement extends for Product(s) that are intended for Commercial Use (as defined). IMPORTANT – If the product meets the definition of Commercial Use, purchase of “Commercial Coverage” is required in order for such product to be eligible for the coverage outlined in this Service Agreement. THIS SERVICE AGREEMENT DOES NOT PROVIDE COVERAGE FOR ANY COMMERCIAL USE PRODUCT UNLESS THIS “COMMERCIAL COVERAGE” HAS BEEN PURCHASED AND IS EVIDENCED ON YOUR SALES RECEIPT.