THE INSURED EVENT. 5.1 The Insured Event occurs when the value of the Certificate Owner’s Covered Asset Pool has been reduced to zero by means other than an Excess Withdrawal. The Certificate Owner is not eligible to receive the Coverage Amount until after the Insured Event and provided: — the Certificate is in force; — the Lock-In Date has been established; — the Covered Person (or at least one of the Covered Persons for a joint life Certificate) is alive; and — the Coverage Amount is greater than zero. — All fees due the Company are paid.
THE INSURED EVENT. 3.1. If an insured event arises, the insured must give notice without delay to the organizer of the trip that he/she has become aware of an event that prevents him/her from taking the flight, so as to limit the consequences of the annulment.
THE INSURED EVENT. 3.1. If an insured event arises, the Insured shall notify the Insurer thereof immediately.
THE INSURED EVENT. In the case of an insured event involving civil liability, the Insured must immediately inform the Insurer of all notices, summonses, demands, letters, citations and in general, of all judicial or extra-judicial documents relating to the liability covered under the insurance that are addressed to the Insured or to the causal agent thereof. Save if there is agreement to the contrary, in the event of any circumstance covered under this policy of insurance, the Insurer shall direct all matters relating to the insured event and act in the name of the policyholder of the insurance or the causal agent of the facts, and it shall deal with any victims or their successors, and indemnify them if pertinent. If no settlement is reached, the Insurer will, through its lawyers and court advocates, defend the policyholder or the causal agent of the facts in any civil action and in such regard the defendant must provide the necessary power of attorney. In regard to any criminal action, the Insurer may take on the defence with the consent of the accused. If a judgement is issued against the Insured, the Insurer shall decide if it is necessary to appeal to the pertinent Higher Court. However, if the Insurer should deem it not to be pertinent to appeal, it shall so inform the Insured who will be free to file an appeal on his/her own account and the Insurer shall be bound to reimburse the Insured for all expenses occasioned up to the agreed economic limit, if the appeal is allowed. The Insurer shall pay any indemnity according as is stated as follows:
THE INSURED EVENT. In the event of robbery, the Insured must file a complaint on the same day as the commission of the event with the police authorities closest to the crime scene. * In the event of total or partial destruction during a transfer undertaken by a public passenger transport company, the Insured must file a support document provided by the transport company. * In the case of a loss during a transfer undertaken by a public passenger transport company, the Insured must file a certificate stating the facts, issued by the transport company. * In all cases, the Insured must: - Take all possible steps to mitigate the consequences of any insured event. - Inform the Insurer through MONDIAL ASSISTANCE SEGUROS Y REASEGUROS, S.A UNIPERSONAL, in no later than SEVEN days: (upon the expiry of this period of time, a claim may be made for damages caused by failure to give notice). - Fill in a questionnaire that he/she will be given. The Insured must provide all means of evidence that may be required regarding the existence and value of any item insured at the time of the insured event. The Insured must accompany his/her claim notice with the following documents to justify his/her claim: - The insurance Agreement. - The original complaint filed with the police authorities. - A certificate stating the damage or loss issued by the transport company. - Original purchase invoices relating to the stolen, damaged or lost items. - Repair invoice/s or if none, non-repair certificate. - Detailed list with the value of stolen, damaged, or lost items. - The Insured must state the coverage taken out with any other insurance company for the same risks. Insured’s duties should the stolen or lost items be found or recovered. - The Insured must inform the Insurer in writing immediately the Insured becomes aware thereof. - If the Insurer has not yet paid the Insured, he/she must take possession of the items. The Insurer will only cover the cost of any damage and partial losses if they are covered by the policy of insurance. - If the Insurer has already paid the Insured, he/she may chose to either abandon the items when they shall remain in the custody of the Insurer or he/she may keep them and repay any indemnity he/she has received, after the application of any deduction for damage or partial loss. If the Insured does not make any choice with a period of time of 15 days, the Insurer may deem that the Insured has decided to abandon the item/s. PUBLIC TRANSPORT ACCIDENT GUARANTY In this insurance...
THE INSURED EVENT. The Insured Event occurs when the Covered Asset Value has been reduced to zero by means other than an Excess Withdrawal. The Certificate Owner is not eligible to receive the Coverage Amount until after the Insured Event and provided all of the following conditions exist:
