Common use of Loss Occurrence   A Clause in Contracts

Loss Occurrence   A. Loss occurrence" as used in this Contract shall mean the sum of individual insured losses incurred under Policies resulting from the same covered event. B. "Covered event" as used in this Contract shall mean any one storm declared to be a hurricane by the National Hurricane Center of the National Weather Service or any other division of the National Weather Service, operated by the National Oceanographic and Atmospheric Administration of the United States Government (NHC) which causes insured losses in Florida. A covered event begins when a hurricane causes damage in Florida while it is a hurricane and continues throughout any subsequent downgrades in storm status by the National Hurricane Center regardless of whether the hurricane makes landfall. Any storm, including a tropical storm, which does not become a hurricane is not a covered event. Article 9 -