Excess. 7.4.1. Natural peril claims 1 in the case of contents insurance: per event CHF 500; 2 in case of the insurance of buildings used exclu- sively for residential and agricultural purposes: 10 percent of the indemnity, subject to a minimum of CHF 1,000 and a maximum of CHF 10,000; 3 in case of the insurance of buildings serving any other purpose: 10 percent of the indemnity, subject to a minimum of CHF 2,500 and a maximum of CHF 50,000; The excess is in each case deducted once per event for insurances of goods and chattels and of buildings. Where an event affects several of the policyholder's buildings for which provision is made for a different excess in each case, then the excess shall be a minimum of CHF 2,500 and a maximum of CHF 50,000.
Appears in 3 contracts
Sources: Insurance Agreement, Insurance Agreement, Insurance Agreement