Sentences with phrase «of an insured loss»

* We also recommend adding business interruption coverage to maintain cash flow in the event of an insured loss.

Initial estimates put the value of insured losses in the tens of millions of dollars.

The answer depends on the nature of the insured loss.

While a sum assured refers to the benefit, the sum insured is the reimbursement of insured loss.

Did You know: Adding business interruption coverage will maintain cash flow in the event of an insured loss?

The answer depends on the nature of the insured loss.

Limits for the coverage for the additional expenses that the policyowner may incur when the residence can not be used because of an insured loss is equal to 20 % of the policy limit on the dwelling.

Deductible — The amount of money the policyholder agrees to pay toward the total amount of an insured loss before the insurance company pays.

Last year, tornadoes and severe thunderstorms were the No. 1 cause of insured losses from natural catastrophes in the U.S..

However, if global warming is your concern, it's important to note that severe weather was not the only or even the main culprit for 2011 — about two - thirds of the total damages and about half of the insured losses can be attributed to two non-weather-related disasters: New Zealand's February earthquake and Japan's earthquake and tsunami in April.

Young also predicts that claims for damages for late payment of insured losses will become common in policy coverage claims in 2017/18.

You might need to shut down to reestablish your business in the case of an insured loss or extra expenses.

Determinations of insured losses take into account the destruction of the World Trade Center towers; business and personal property of tenants and their employees; workers compensation for injured workers; claims for lost business income; and the cost of establishing alternative, temporary operations at off - site locations.

Nationally, the most costly fire in terms of insured losses was the October 1991 Oakland Hills fire which caused $ 1.7 billion in insured losses (about $ 2.9 billion in 2015 dollars) and 2003's wildfires in San Diego and San Bernardino Counties, California at $ 2.03 billion.

«We will pay on behalf of the insured loss that the insured becomes legally obligated to pay for any claim first made during the policy period that arises out of a wrongful act.»

Loss or damage to the electronic or mechanical equipment due to pre-existing faults within the knowledge of the insured

Sanjay Kedia, chief executive, Marsh India said, «The expense of insured losses would not be huge, as property losses were minimal this time.

Competitive Florida renters insurance companies will provide coverage for damages or losses sustained within the walls of your rented apartment as a result of an insured loss.

The Florida Office of Insurance Regulation revised its estimate of insured losses from the September 2017 storm to $ 8.61 billion on Thursday, u...

This coverage provides payment for certain losses when your home is damaged and uninhabitable because of an insured loss, including your additional living expenses for the shortest time required to repair or replace the premises, or for your household to settle elsewhere, up to 24 months.

Deductible is the amount of money an insured has to pay out - of - pocket per claim toward the total amount of an insured loss, before the insurance company pays the remaining amount of the covered loss.

Did you know: adding business interruption coverage can help maintain cash flow in the event of an insured loss?

Hurricane Sandy, which hit the Caribbean and the eastern seaboard of the US in late 2012, resulted in $ 29 billion of insured losses in the US.

Superstorm Sandy caused $ 35bn of insured losses two years ago, making it the second costliest hurricane in US history after hurricane Katrina in 2005.

In the event of three to six days of cloud downtime, the report found that Fortune 1000 companies will carry 37 % of the ground - up losses and 43 % of the insured losses.

Businesses outside the Fortune 1000 are potentially at the greatest risk, carrying 63 % share of economic losses and 57 % of insured losses.

* We recommend adding business interruption coverage to maintain cash flow in the event of an insured loss.

We want your contents to be adequately insured in the event of an insured loss.

Your coverage limit refers to the maximum amount payable for certain coverages by Intact in the event of an insured loss.

This coverage provides payment for certain losses when your home is damaged and uninhabitable because of an insured loss, including your additional living expenses for the reasonable time required to repair or replace the premises, or for your household to settle elsewhere.

Limits for the coverage of additional expenses that the policy owner may incur, when the residence can not be used because of an insured loss, is equal to 20 % of the policy limit on the home.

Deductible: A provision in an insurance contract stating that the insurer will pay that amount of any insured loss that is in excess of a specified amount.

According to a study conducted by the risk assessment group Karen Clark & Co., if Hurricane Andrew hit today, it would cause nearly $ 50 billion of insured losses, compared...