Errors, Omissions and Defects definition

Errors, Omissions and Defects means an act, error or omission (negligent or not) relating to: a) land use and planning including zoning, development, surveying or siting; b) the design, specification, workmanship, repair, construction, renovation, remodeling, grading or compaction; c) materials used in repair, construction, renovation or remodeling; or d) maintenance of property (including land structures or improvements) whether on or off the insured premises. We pay for an ensuing loss unless the ensuing loss itself is excluded.
View Source

Examples of Errors, Omissions and Defects in a sentence

  • Under General Exclusions, the exclusion for Errors, Omissions, and Defects does not apply to this coverage.

Related to Errors, Omissions and Defects

  • Errors and Omissions Policy As defined in each of the Servicing Agreements.

  • Errors shall have the meaning specified in Section 8.2(c) of the Sale and Servicing Agreement.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Servicer Policies and Practices means, with respect to the Servicer’s duties under Exhibit A to the Servicing Agreement, the policies and practices of the Servicer applicable to such duties that the Servicer follows with respect to comparable assets that it services for itself and, if applicable, others.

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.