Amount Insured definition

Amount Insured means the limit of liability of each Insurer under the Insurance, including, for the avoidance of doubt, the aggregate limit of liability of all Insurers where the coverage is provided on the basis of co-insurance;
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Amount Insured means the maximum amount payable by us as stated in the Schedule in respect of each of INSURING CLAUSES 2 and 3. The amount applies to each incident of loss or damage occurring during the period of the policy provided always that after the first incident of loss or damage you comply with our recommendations to preventsatellite dishes; or
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Amount Insured means the aggregate limit of liability of the Insurer pursuant to this contract as set out in clause 3.1;
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Examples of Amount Insured in a sentence

  • The Insurance may provide that liability for Defence Costs in relation to a Claim that exceeds the Amount Insured is limited to the proportion of such Defence Costs that the Amount Insured bears to the total amount paid or payable to dispose of that Claim.

  • The Amount Insured for each and every Claim (exclusive of Defence Costs) must be at least €1,500,000 (one million five hundred thousand euro).

  • In the case of partial surrenders, the Death Benefit, Amount Insured, and Cash Value will be reduced by the amount surrendered, including any applicable partial Surrender Charge.

  • After the reduction, the Amount Insured and Stated Amount must be no less than the respective minimum amounts shown on the Policy Summary.

  • The Death Benefit after the Maturity Date will be equal to the Amount Insured as of the date of Death, less any loan amount due and any amounts payable under a collateral assignment.

  • If You request a partial surrender, then the Death Benefit, Amount Insured, and Cash Value will be reduced by the amount surrendered, including any applicable partial surrender charge (as shown on the Policy Summary).

  • The maximum We will pay is the sum insured for each item as specified on Your Policy Schedule of insurance.Under InsuranceIf, at the time of Damage, the Amount Insured is less than 75% of the total value of the camera equipment, the amount We pay will be reduced in the same proportion as the under insurance.

  • The maximum We will pay is the sum insured for each item as specified on Your Policy Schedule of insurance.Under InsuranceIf, at the time of Damage, the Amount Insured is less than 75% of the total value of the camera equipment, the amount We pay will be reduced in the same proportion as the under insurance.Please refer to page 26 for further information regarding making and reporting a claim.

  • If the Aircraft is insured hereby for the risks of Flight, the Insurers will, in addition, pay reasonable emergency expenses necessarily incurred by the Insured for the immediate safety of the Aircraft consequent upon damage or forced landing, up to 10 per cent of the Amount Insured as specified in Part 2(5) of the Schedule.

  • What is insuredWe will insure the item(s) insured as described in the Policy Schedule against physical Loss or physical Damage up to the Amount Insured anywhere in the world during the Period of Insurance, subject to the terms, exclusions and conditions shown below.


More Definitions of Amount Insured

Amount Insured means the Limit of Indemnity of Insurers under the Policy, including, for the avoidance of doubt, the aggregate Limit of Indemnity of all Insurers where coverage is provided on the basis of co-insurance.
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Amount Insured means the amount of cover, comprising Standard Cover and Additional Cover granted by the Company to the Insured Member in accordance with the Eligibility Conditions.
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Amount Insured. As scheduled in slip agreement, attached hereto Policy No. Premium: As scheduled in slip agreement, attached hereto Rate: As scheduled in slip agreement, attached hereto As scheduled in slip agreement, attached hereto hereinafter called the Assured. Loss, if any, payable to Assured As scheduled in slip agreement, attached hereto In the sum of As scheduled in slip agreement, attached hereto At and from the As scheduled in slip agreement, attached hereto day of As scheduled in slip agreement, attached hereto to As scheduled in slip agreement, attached hereto day of As scheduled in slip agreement, attached hereto against the liabilities of the Assured as hereinafter described, and subject to the terms and conditions hereinafter set forth , in respect of the vessel called the In accordance with slip agreement, attached hereto or by whatsoever other names the said vessel is or shall be named or called. In consideration of the stipulations herein named and of As scheduled in slip agreement, attached hereto being premium at the rate of As scheduled in slip agreement, attached hereto The Assurer hereby undertakes to make good to the Assured or the Assured's executors, administrators and/or successors, all such loss and/or damage and/or expense as the Assured shall as owners of the vessel named herein have become liable to pay and shall pay on account of the liabilities, risks, events and/or happenings herein set forth:
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Amount Insured means the maximum amount payable by us stated in the Declarations. The amount applies to each incident of financial loss or property damage occurring during the period of the policy.
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Related to Amount Insured

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Reimbursement insurance policy means a policy of insurance

  • Blanket insurance policy means a group policy covering a defined class of

  • Insurance Amount has the meaning set forth in Section 6.08(c).

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Borrower or any of its Restricted Subsidiaries, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of coinsurance in an amount up to $150,000,000) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth herein.

  • Credit insurance means insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation.

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • Insured Amount As defined in the Policy.

  • Type of insurance means coverage afforded under the particular policy that is being placed.

  • Industrial insured captive insurance company means a company that insures risks of the industrial insureds that comprise the industrial insured group and their affiliated companies.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Credit unemployment insurance means insurance:

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Insured means the Executive.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud.

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants: