Insured Risk definition

Insured Risk means a probability for occurrence of the Insurable Event and/or the amount of possible damages or injuries caused by this Insured Event.

Insured Risk so long as cover is available from time to time with reputable insurance offices in the United Kingdom or through underwriters at Lloyd's on reasonable commercial terms, and subject to any normal Insurance Excess and market exclusions and conditions of such cover, the following risks: fire and other casualty; subterranean fire; lightning; storm; tempest; sprinkler leakage (if the Premises are filled with sprinklers); flood; explosion; bursting or overflowing of water tanks, apparatus or pipes or the escape of water from any of them; aircraft or other aerial devices or articles dropped or falling from any of them; riot; civil commotion; malicious damage; impact; earthquake; heave; landslip; subsidence; and such other risks (including Terrorism) which the Landlord reasonably requires from time to time or against which the Tenant may from time to time elect to insure. Lease: this lease and any document which is supplemental to it. Management Fee is a fee paid pursuant to a Management Agreement. Management Agreement is any agreement, whether written or oral, between Tenant and any other party (including an Affiliate of Tenant) pursuant to which Tenant provides any payment, fee or other consideration to such party to operate or manage the Premises or to provide management, advisory or other services relating to the operation thereof. Order: the Regulatory Reform (Business Tenancies) (England and Wales) Order 2003.

Insured Risk means any risk against which the Landlord shall at the time of the damage or destruction in question have effected insurance.

Examples of Insured Risk in a sentence

• Loss arising from any matter stated as an Additional Exclusion in an Insured Risk Appendix.

• If the Insurer agrees or is obliged to make any payment to or on behalf of an Insured because of an Insured Risk, the Insurer will immediately be subrogated to any rights which that Insured may have in relation to that Insured Risk.

• If at the time of any claim made under this Policy there is any other insurance in place whether effected by the Insured or by any other person under which the Insured may be entitled to make a claim wholly or partly in respect of the Insured Risk the Insurer will be liable to pay or contribute in respect of a claim under this Policy only rateably with such other insurance.

• The Insurer may, at its discretion, with the prior consent of the Insured, take any reasonable steps which it considers necessary to mitigate Loss whether or not it is liable under this Policy (including but not limited to pursuing or defending any action at law or otherwise or making an application to a court, the Upper Tribunal (Lands Chamber) or other body of competent jurisdiction in the name of and on behalf of the Insured in relation to an Insured Risk).

• You disclose that this policy exists to another person who is not a potential purchaser of the Property, their mortgage lender or the legal advisers of each.2. Additional exclusion(s) contained in the Insured Risk Appendix attached to this Policy.

More Definitions of Insured Risk

Insured Risk means a probability for occurrence of the Insurable Event.

Insured Risk means a risk against which insurance is taken out. In the given case, the insured risk is the risk of any sudden and unexpected damaging of the car, except of the risks mentioned in clause 3 of section 2.

Insured Risk means the risks described in Clause 7.1(1 )(a) hereof and any other risk against which the Landlord shall have covenanted to insure hereunder or at the time of the damage or destruction in question have effected insurance

Insured Risk means any of the risks referred to in Clauses 7.2.1 and 7.2.2 and any other risks against which the Lessor shall at the time of the damage or destructicn in question have reasonably effected insurance subject to the excesses exclusions or limitations referred to in Clause 7.1.1.2

Insured Risk means fire, explosion, earthquake, aircraft, riot, civil commotion, flood, lightning, xxxxx, xxxxxxx, act of God, fusion, smoke, rainwater, water leakage, impact by vehicles, machinery breakdown and malicious acts or omissions and any other event which is insured against under this Lease including all other risks which the lessor considers to be necesary or expedient but an event is not an Insured Risk to the extent that the insured Lessor must bear any loss, damage or expense caused or contributed to by the event under an "excess" provision in the insurance policy;

Insured Risk means any risk against which the Lessor shall at the time of the damage or destruction in question have effected insurance. 'Licence' means this licence agreement. ‘Licence Fee’ means the fee for a period of twelve (12) months (being the Term more particularly defined as hereinafter).

Insured Risk means a cause of the occurrence of an insured event as specified in Article 6. of these Insurance Conditions,