Common use of Indemnity Period Clause in Contracts

Indemnity Period. The period beginning with the occurrence of a peril insured against and ending not later than twelve (12) months thereafter during which gross rents shall be affected in consequence of the destruction or damage by a peril insured against.

Indemnity Period. The period beginning with the occurrence of a peril insured against and ending not later than twelve (12) 12 months thereafter during which gross rents shall be affected in consequence of the destruction or damage by a peril insured against.