Perils Sample Clauses
The PERILS clause defines the specific risks or events that are covered under an insurance policy. It typically lists incidents such as fire, theft, flood, or other hazards that, if they occur, will trigger the insurer’s obligation to pay a claim. By clearly outlining which perils are included or excluded, this clause ensures both parties understand the scope of coverage and helps prevent disputes over what losses are insurable.
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Perils. (1) Subject to the terms and conditions thereof, a production insurance agreement covers a production loss during the crop year caused by one or more of the following designated perils which pertain to that insurable crop, insurable crop group or plan:
(a) insect infestation and plant disease;
(b) hail;
(c) ▇▇▇▇▇;
(d) drought;
(e) excessive moisture;
(f) wind;
(g) damage from wildlife;
(h) any other unavoidable loss due to adverse weather conditions beyond the control of the insured.
Perils. Against ALL RISKS of direct physical loss or damage from any external cause except as herein excluded.
Perils. Fire and Extended coverage, vandalism and malicious mischief, Boiler and Machinery, and if applicable, Flood and Earthquake Insurance. Values: l00% Replacement cost value of property/Limit of $5,000 deductible ------ Endorsements Required: o Inflation Guard, and Agreed Amount and Replacement Cost endorsements o List of Locations and Schedule of Values, if Blanket Policy o 438BFU (Loss Payee Endorsement - see copy attached, with enlargement of same for easier reading), in favor of General Electric Capital Business Asset Funding Corporation amended to 30 days notice of change, cancellation or non-renewal. o 30 Days Notice of Cancellation ? Waiver of Subrogation endorsement is required, unless property is owner occupied. Co-insurance should not be a condition of any insurance provided. Loss of Rents/Business Interruption for 12 months (or in an amount equivalent to at least 12 months rent) is required. Boiler and Machinery coverage is required. If the insurance carrier for the Boiler & Machinery coverage is different from that of the Property Coverage, a Joint Loss Agreement endorsement must be reflected on the evidences of insurance for both Property coverage and Boiler & Machinery coverage. If the 438BFU Lender's Loss Payable Endorsement is not available, please submit another Loss Payable endorsement for review by General Electric Capital Business Asset Funding Corporation. LIABILITY: Evidenced on Form ▇▇▇▇▇ 25 - Certificate of Liability Insurance Coverage to be On Occurrence basis only. Evidence of Insurance, showing comprehensive general liability on an Occurrence Basis, in an amount not less than $2,000,000 (per occurrence) to include; Bodily injury and property damage liability (primary and excess umbrella acceptable to satisfy limits).
Perils. This Policy insures:
Perils. The terms of the insurance which we will maintain shall be limited to claims for actual physical loss of or damage to your stored property caused by fire, lightning, explosion, earthquake, storm, flood, bursting &/or leaking pipes, ingress of water or other liquid substance, aircraft or articles dropped therefrom, moth or insect or vermin (in each case from an external cause), theft accompanied by forcible and violent entry to or exit from the building or unit, riot, strike, civil commotion, malicious damage, and impact by vehicle or railway rolling stock. The policy will not respond to any other claims.
Perils. This coverage agreement covers against all direct physical loss or damage except as excluded herein.
Perils. 6.1 This insurance covers loss of or damage to the subject-matter insured caused by
6.1.1 perils of the seas rivers lakes or other navigable waters
6.1.2 fire, explosion
6.1.3 violent theft by persons from outside the Vessel
6.1.4 jettison 6.1.5 piracy 6.1.6 contact with land conveyance, dock or harbour equipment or installation
Perils. The terms of the insurance which we will maintain shall be limited to claims for actual physical loss of or damage to your stored property caused by fire, lightning, explosion, earthquake, storm, flood, bursting&/or leaking pipes, ingress of water or other liquid substance, aircraft or articles dropped therefrom, moth, insect or vermin (in each case from an external cause), theft accompanied by forcible and violent entry to or exit from the building or Unit, riot, strike, civil commotion, malicious damage, and impact by vehicle or railway rolling stock. The policy will not respond to any other claims. The sum declared by you must at all times represent the full replacement value of the property which you store. If you fail to declare the full replacement value on the Licence Agreement or to us elsewhere in writing, then in the event of a claim we will only be entitled to recover from our Insurers the proportion of the loss as the declared value bears to the total replacement value of the property you stored. This will in turn reduce the amount which we are obliged to pay to you.
Perils. Subject always to the exclusions in this insurance
9.1 this insurance covers loss of or damage to the subject-matter insured caused by:
9.1.1 perils of the seas rivers lakes or other navigable waters
9.1.2 fire