Robbery and hold up definition
Robbery and hold up means that the items insured are either taken away or surrended; in both instances due to force, menaces or threat of physical violence made against You, or persons living with You in a common household, or other persons authorized to be on Your premises.
Robbery and hold up means that the items covered are either taken away or surrendered; in both instances due to force, menaces or threat of physical violence made against You, or persons living with You in a common household, or other persons authorized to be on Your premises.
Robbery and hold up means that the items insured are either taken away or surrendered; in both instances due to force, menaces or threat of physical violence made against You, or persons living with You in a common household, or other persons authorized to be on Your Premises. "Runaway Tenant” under SECTION V - LANDLORD INSURANCE of this Policy, means the tenant runs away or abandons the tenant’s obligations under a tenancy of Your Building without any notice (written/oral) in default of the tenancy or without any intention of returning or honoring the said tenancy.
More Definitions of Robbery and hold up
Robbery and hold up means that the items insured are either taken away or surrended; in both instances due to force, menaces or threat of physical violence made against You, or persons living with You in a common household, or other persons authorized to be on Your premises. “Schedule” means the policy schedule where both the insured items and sum insured are specified. “Secured” means locked so as to prevent entry other than by using force. “Premises“ means the land at the address shown on the Schedule on which the building is built, including the yard or garden used only for domestic purposes. “Sum insured” means the amount You have insured on either Your building, Your contents (including specified contents) as shown on the Schedule. This shall include the Additional Benefits and any of the Optional Benefits selected by You. “Customary short-period rates” means the following: Period Not Exceeding Percentage of Rate Charged 15 days 10% of Annual Rate 1 months 20% -do- 2 months 30% -do- 3 months 40% -do- 4 months 50% -do- 5 months 60% -do- 6 months 70% -do- 7 months 75% -do- 8 months 80% -do- 9 months 85% -do- 10 months 90% -do- 11 months 95% -do- 12 months 100% -do- “Warranties” means either restriction or obligation that the Policy imposes on You. A breach of a warranty will entitle Us to reject the claim for loss or damage or liability. “Wear and tear“ means damage or a reduction in value through age, ordinary use or lack of maintenance. “We, Our and Us“ means the insurance company. “You and Your “ means the person(s) named on the Schedule as the insured. Limits of Liability 1. We will not be liable for : (a) Under Insured event 5 for the first RM50.00. (b) Under Insured events 7, 8 and 9 for the first one (1) per cent of the Total Sum Insured on Buildings or RM200.00 whichever is less. 2. Limit of the amount of Our liability under Additional Benefit C) Compensation for Death: RM10, 000.00 or one half of Total Sum Insured on Contents whichever is less. 3. Limit of the amount of Our liability under Additional Benefit F) Liability to the Public: RM50, 000.00 any one accident or series of accidents constituting one occurrence in respect of Buildings and Contents respectively. 4. Geographical Area : Malaysia THE FOLLOWING OPTIONAL BENEFITS ARE NOT APPLICABLE UNLESS SPECIFICALLY MENTIONED IN THE SCHEDULE OR ENDORSED THERETO