Sum Insured. The builder's risk policy shall (i) be on a ----------- completed value form, (ii) insure 100% of the completed insurable value of the Building(s), (iii) value losses at replacement cost, without deduction for physical depreciation or obsolescence including custom duties, taxes and fees and (iv) insure loss or damage from earth movement and flood with separate sublimits of $15,000,000.
Sum Insured. It is the requirement of this insurance that the Sum Insured shall be equal to the cost of replacement of each item of the insured property by new property of the same kind and same capacity which shall mean its replacement cost including freight and customs duties, if any, and erection costs.
Sum Insured. A sum sufficient to cover the sums the subject of the Indemnity for the Indemnity Period.
Sum Insured. Sum insured means the sum specified as the sum insured in the schedule and is our maximum liability for losses relating to the listed item.
Sum Insured. The insurance policy shall (i) be on a completed value form, with no periodic reporting requirements, (ii) insure one hundred percent (100%) of the Facility’s insurable values, (iii) value losses at replacement cost, without deduction for physical depreciation or obsolesce including custom duties, Taxes and fees and (iv) insure loss or damage from earth movement without a sub-limit, (v) insure property loss or damage from flood and named windstorm with a sub-limit not less than $500,000,000, and (vi) insure loss or damage from strikes, riots and civil commotion with a sub-limit not less than $100,000,000.
Sum Insured. Sum Insured means the limit of the Insurer’s liability under the insurance.
Sum Insured. The Sum Insured for any one Claim (exclusive of Defence Costs) is [£2 million / £3 million]. 5 [Limit of Indemnity hereunder] [………………………………… any one claim excess of (the Underlying Limit)] [Proportionate share of liability (%)] [ ] 6 The Excess The Excess is: 7 Period of Insurance The Period of Insurance is from: to midnight on 30 September 2011. Qualifying Insurer’s Agreement 2010 - Schedule 2: The ARP Policy Part 2 Contract of Assigned Risks Pool run-off insurance If an Insured Firm is issued with an ARP Run-off Policy, run-off cover shall be provided through the ARP, which shall indemnify each Insured in accordance with clauses 1.1 to 1.8 of the ARP Policy set out in Part 1 of Schedule 2, (but subject to the limits, exclusions and conditions of the ARP Policy). The period of cover provided by the ARP Run-off Policy shall be as determined under Rule 13.5. Part 3
Sum Insured. The insurance policy shall (i) be on a completed value form, with no periodic reporting requirements, (ii) insure not less than U.S.$1,000,000,000 commencing at the earlier of LNTP or NTP, and insure no less than an amount to be determined based upon a probable maximum loss study performed by a reputable and experienced firm reasonably satisfactory to Contractor, Owner and Owner’s Lenders, with such maximum probable loss approved by the Parties and such increased amount commencing no later than 180 Days after NTP, (iii) value losses at replacement cost, without deduction for physical depreciation or obsolesce including custom duties, Taxes and fees, (iv) insure loss or damage from earth movement without a sub-limit, (v) insure property loss or damage from flood and named windstorm with a sub-limit of not less than U.S.$150,000,000 commencing at the earlier of LNTP or NTP, provided that such sub-limit shall increase to an amount of not less than U.S.$500,000,000 no later than 180 Days after NTP, and such sub-limit in the event of a named windstorm shall apply to the combined loss covered under Section 1.A.9 Builder’s Risk and Section 1.A.10 Builder’s Risk Delayed Startup, and (vi) insure loss or damage from strikes, riots and civil commotion with a sub-limit not less than $100,000,000.
Sum Insured. The property damage policy shall (i) value losses at their repair or replacement cost, without deduction for physical depreciation or obsolescence, including custom duties, taxes and fees, (ii) insure the Facility in an amount not less than the “Full Insurable Value” (for purposes of this Schedule 2, “Full Insurable Value” shall mean the full replacement value of the Facility based on maximum probable loss studies, including any improvements, equipment, spare parts and supplies, without deduction for physical depreciation and/or obsolescence and (iii) insure flood and windstorm coverage with a sub- limit to be agreed upon between Owner and Operator.
Sum Insured. The property damage policy shall (i) value losses at their repair or replacement cost, or stated value, (ii) provide a limit not less than the actual cash value of the property insured.
