Earthquake Deductible definition

Earthquake Deductible. The deductible percentage shown on the Declarations Page is the percentage that will be applied to the amount of earthquake insurance if an earthquake loss occurs. It will be applied separately to Coverage “A”- Tiny or Mini Home, Coverage “B” – Detached Private Structures and Coverage “C”- Personal Property.
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Examples of Earthquake Deductible in a sentence

  • The Earthquake Deductible amount is $50,000.Example 1The damage due to Earthquake is $500,000.

  • Change the Liability Limits, Property Deductible, Earthquake Deductible and/or PD Liability Ded Basis as necessary, using the drop-down menus.

  • Earthquake Deductible The deductible percentage shown on the Declarations Page is the percentage that will be applied to the amount of earthquake insurance if an earthquake loss occurs.

  • However, if an assessment is made necessary by an Earthquake Deductible, we will not pay more than $2,500.

  • It is made necessary by direct loss to the collectively owned condominium property caused by an Insured Peril in the Condominium Unit Owner’s Policy.Coverage is included for that part of an assessment made necessary by a deductible in the insured policy of the Condominium Corporation, up to the limit of Insurance.If an assessment is made necessary by an Earthquake Deductible, we will not pay more than $2,500.

  • Expenses In the event a tenant cannot occupy the unit as a result of an Insured Peril Deductible Per Claim All selections, except $2,500 deductible for Earthquake Personal Liability / Earthquake Deductible Premium Per month per insured Check one Option 1 $15,000 $2,000,000 $6,000 $1,000 $2,500 $15.00 ☐ Option 2 $30,000 $2,000,000 $8,000 $1,000 $2,500 $20.00 ☐ Option 3 $60,000 $2,000,000 $10,000 $1,000 $2,500 $25.00 ☐ Option 4 I/we understand the options presented.

  • Coverage for Additional Living Expense is not subject to the Earthquake Deductible.

  • If more than one Earthquake Deductible is applicable, in the event of loss each shall be applied separately.

  • PLEASE READ IT CAREFULLY.EARTHQUAKESCHEDULE Earthquake Deductible Percentage Amount: Exterior Masonry Veneer Exclusion 1.Check here only if this exclusion does not apply.Information required to complete this Schedule, if not shown above, will be shown in the Declarations.

  • Multiply the rates at the base deductible by the appropriate factor as shown in Table 73.D.2.d. Earthquake Deductible Options in the ISO Commercial Lines - Division Five state exceptions.

Related to Earthquake Deductible

  • Earthquake insurance, if the Leased Property is currently, or at any time in the future, located within a major earthquake disaster area, in amount, and in such form and substance and with such limits and deductibles as are satisfactory to Landlord; and

  • windstorm means straight line winds of at least 80 miles per

  • Deductible has the meaning set forth in Section 11.1(e).

  • Sinkhole means a surface depression caused by a collapse of soil or overlying formation above fractured or cavernous bedrock.

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • Explosion means the sudden release of energy sufficient to cause pressure waves and/or projectiles that may cause structural and/or physical damage to the surrounding of the vehicle."

  • Catastrophic Damage as used hereunder is major change or damage to In- cluded Timber on Sale Area, to Sale Area, to access to Sale Area, or a combination thereof:

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Inclement Weather means any weather condition that delays the scheduled arrival or departure of a Common Carrier.

  • REASONABLY SAFE FROM FLOODING Means base flood waters will not inundate the land or damage structures to be removed from the floodplain and that any subsurface waters related to the base flood will not damage existing or proposed buildings.

  • Zone 1 means Alberta Receipt Points and Liquids Receipt Points downstream of the Blueberry Hill Compressor Station.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of One hundred Sixty-eight million dollars ($168,000,000.00).

  • Electrical Losses means all applicable losses, including the following: (a) any transmission or transformation losses between the CAISO revenue meter(s) and the Delivery Point; and

  • Property damage means physical injury to, destruction of, or loss of use of tangible property.

  • Casualty shall have the meaning set forth in Section 6.2 hereof.

  • Accident means a sudden, unforeseen and involuntary event caused by external, visible and violent means.

  • COVID-19 Pandemic means the SARS-Cov2 or COVID-19 pandemic, including any resurgence or evolutions or mutations thereof and/or any related or associated outbreaks, epidemics and/or pandemics.

  • Boiler means an enclosed fossil or other fuel-fired combustion device used to produce heat and to transfer heat to recirculating water, steam, or other medium.

  • Coverage means the types of persons to be eligible as the beneficiaries of the Scheme to health services provided under the Scheme, subject to the terms, conditions and limitations.

  • Vandalism means destruction of or damage to a Project Asset deliberately

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).

  • Sabotage means deliberate damage, with malevolent intent, to a Category 1 or Category 2 quantity of radioactive material, a device that contains a Category 1 or Category 2 quantity of radioactive material, or the components of the security system.

  • Subsidence means the lowering in elevation of the surface of land by the withdrawal of groundwater.