boiler and machinery insurance definition

boiler and machinery insurance means insurance against loss of or damage to persons or property and against liability for loss or damage to persons or property through the explosion, collapse, rupture or breakdown of, or accident to, boilers or machinery of any kind; (assurance des chaudières et machines)
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boiler and machinery insurance means insurance
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boiler and machinery insurance means insurance against loss of, or
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Examples of boiler and machinery insurance in a sentence

  • In addition to the foregoing, FiberMark Office will maintain Business Interruption and Comprehensive Boiler and Machinery Insurance in form and amounts and with insurers acceptable to the Agent.

  • As an extension to Special Perils Insurance, Flood Insurance, and Boiler and Machinery Insurance, Borrower shall obtain and maintain business interruption insurance on an “actual loss sustained” basis (“Business Interruption Insurance”).

  • As an extension to its All-Risk Insurance, Earthquake Insurance, Flood Insurance and Boiler and Machinery Insurance, Borrower shall maintain, or cause to be maintained, business income and rent loss insurance on an “actual loss sustained” basis.

  • The Boiler and Machinery Insurance shall be on a replacement cost value basis, and, for each accident, shall cover at least the greater of: (a) Fifteen percent (15%) of full replacement cost of the buildings and improvements now or hereafter located on the Property; or (b) $500,000.00.

  • Boiler and Machinery Insurance shall be provided on a replacement cost value basis, to a minimum limit of 100% of the replacement cost of the Improvements (excluding costs of footings, foundations, excavations and underground utilities).

  • If Tenant's Premises shall contain a boiler or other pressure vessel, Tenant shall carry Boiler and Machinery Insurance with a direct damage limit not less than the full value of the Building.

  • Boiler and Machinery Insurance with limits as from time to time customary for like property of the same type of installation as the Property and appropriate in the light of the cost of repairing potential damage.

  • Comprehensive Boiler and Machinery Insurance on any of the Equipment or any other equipment on or in the Leased Premises in an amount not less than $5,000,000 per accident for damage to property.

  • Seller shall use commercially reasonable efforts to obtain provisions in the Financing Documents, on reasonable terms, providing for the insurance proceeds from All Risk Property/Comprehensive Boiler and Machinery Insurance to be applied to repair of the Facility.

  • Owner shall also obtain Boiler and Machinery Insurance protecting Owner, Design-Builder, Design Consultants, Subcontracts and Subcontractors.


More Definitions of boiler and machinery insurance

boiler and machinery insurance means insurance against loss of or damage to any property of the insured, resulting from explosion of or injury to:
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boiler and machinery insurance. Comprehensive broad form boiler and machinery insurance to cover physical loss or damage, which insurance shall be for not less than full replacement cost value.
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boiler and machinery insurance. The limit of coverage: 100% value of the Facility.
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Related to boiler and machinery insurance

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Property Insurance is defined in Section 6.10(a).

  • Casualty insurance means liability insurance.

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • 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.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • obligatory insurances means, in relation to a Ship, all insurances effected, or which the Borrower owning that Ship is obliged to effect, under Clause 13 or any other provision of this Agreement or another Finance Document;

  • Guaranteed automobile protection insurance means insurance offered in

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Coverage Area means the area described in the Website for which Nearmap has available Products, which may cover part or all of that area and which may cover part (but not all) of the area covered by the Survey.

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of Applicable Requirements, and without deduction for depreciation.