Property coverage definition

Property coverage means coverage for the damage or loss of a

Property coverage. Such an insurance shall be endorsed naming the COUNTY of Los Angeles as loss payee, provide deductibles of no greater than 5% of the property value.

Property coverage means property coverage provided by self- insurance or insurance for real or personal property of every kind and every interest in such property against loss or damage from any hazard or cause and against any loss consequential to such loss or damage.

Examples of Property coverage in a sentence

• The Property coverage is written on an “all risk”, blanket basis using current Statement of Values.

• For renovation projects or projects that involve portions of work contained within an existing structure, the policy must also include Existing Property coverage in an amount equivalent to the Total Purchase Order Sum.

• The Property coverage includes but is not limited to mobile equipment, boiler and machinery, electronic data processing equipment, business interruption, course of construction and additions, property in transit, fine arts, cyber and automobile physical damage to insured vehicles.

• Evidence of Bodily injury and Property coverage may be submitted on State Form SC-6.222, Part B.

• The Property coverage includes mobile equipment, electronic data processing equipment, valuable papers, building ordinance coverage, property in transit, extra expense, consequential loss, accounts receivable, fine arts, inventory or appraisal cost, automobile physical damage to insured vehicles.

• Property coverage is self-funded from the members’ deductible to $750,000, for all perils other than flood and earthquake, and insured above that to $300 million per occurrence subject to aggregates and sublimits.

• Property coverage on a full replacement cost basis insuring all of CLEC personal property situated on or within the Premises.

• This Coverage does not apply to any expenses to which the above Preservation of Property coverage applies.

• The property covered under the Property coverage part is limited to property that you own or hold or for which you are legally liable.

• The Property coverage is written on an “all risk” basis, blanket form using current Statement of Values.

More Definitions of Property coverage

Property coverage means insurance coverage for loss or damage to property. Property includes real property (land and buildings) and moveable property (equipment, files etc).

Property coverage. (a) All risk of physical loss; Equipment must be insured for at least the total original cost 17 COVENANTS. By executing and delivering to Lessor the Lessee Acceptance Certificate included within each applicable Schedule Lessee warrants, covenants and agrees that (a) Lessee has received all of the Equipment described in such Schedule at the location, described in such Schedule; (b) Lessee has duly inspected and accepts such Equipment without reservation; (c) Lessee L, unconditionally bound to pay to Lessor the total rent and other payments due under the Lease, whether or not the related Equipment may now or hereafter become unsatisfactory in any respect; and (d) notwithstanding anything contained herein, Lessor and Lessee shall continue to have all rights which either of them might otherwise have with respect to the related Equipment against any manufacturer or seller of such Equipment or any part thereof.

Property coverage. District given exclusive use of County owned or leased property of the total combined value of more than $100,000 shall carry property coverage at least as broad as that provided by the ISO special causes of loss (ISO policy form CP 10 30) form. The County and its Agents shall be named as an Additional Insured and Loss Payee on District's insurance as its interests may appear. Automobiles and mobile equipment shall be insured for their actual cash value. Real property and all other personal property shall be insured for their full replacement value.

Property coverage means a ratio in which the numerator is Property EBITDARM as set forth in the financial statements provided to Credit Parties by the borrowers or lessees of the applicable Property, and the denominator is the required lease payments and/or required debt service payments, as the case may be, for such Property for the following twelve (12) month period. For purposes of calculating the required lease payments, lease payments for the Initial Pool Properties shall be allocated in the manner set forth in Schedule 1.3 hereto. Allocations for future Pool Properties must be approved by Agent in its reasonable discretion.

Property coverage. All risk of physical loss; Equipment must be insured for at least the total original cost.