Automobile Physical Damage Sample Clauses
The Automobile Physical Damage clause defines the insurance coverage provided for physical loss or damage to insured vehicles. This clause typically covers repairs or replacement costs resulting from events such as collisions, theft, vandalism, or natural disasters, and may specify deductibles, exclusions, and limits of liability. Its core function is to protect the policyholder from financial loss due to damage to their vehicles, ensuring that repair or replacement costs are manageable and not borne entirely by the insured.
Automobile Physical Damage. Subject to existing law, collision and other types of physical damage coverage, including repair or replacement with comparable equipment.
Automobile Physical Damage. Risk ------------------------------- The Company shall establish what constitutes one automobile physical damage risk, provided:
(1) a tractor and trailer(s) or a tractor and semi-trailer(s) shall never be considered more than one risk;
(2) with respect to fleet dealers' business and garage keepers legal liability business, all vehicles housed in one building shall never be considered more than one risk;
(3) with respect to fleet dealers' business and garage keepers legal liability business, any location where all vehicles are situated out-of-doors shall never be considered more than one risk.
Automobile Physical Damage. Automobile Physical Damage Insurance covering all ambulances required under this Agreement, covering collision and comprehensive damage exposures, in an amount not less than the actual cash value of each ambulance (including related on-board equipment). The following terms and conditions also apply, as respects the above-referenced General, Automobile, and Ambulance Liability Insurance:
1. If such liability coverage does not provide for an annual aggregate which is twice the per-occurrence limit, in the alternative the insurance policy (policies) shall be amended (by appropriate ISO endorsements) so that the policy limits apply solely to CONTRACTOR’s activities and obligations under this Agreement.
2. In the event of a claim (claims) against liability insurance which reasonably may deplete one-half or more of the aggregate limits, CONTRACTOR shall immediately notify ANAHEIM. In the event of a claim (claims) against such liability insurance which is reasonably expected to deplete ninety percent (90%) of the aggregate limits, CONTRACTOR shall, at CONTRACTOR’s expense, reinstate the aggregate limits at least to an amount equal to one-half of the face amount of the aggregate limits on the policies.
3. Such insurance shall be in a form which provides coverage for the provisions of the indemnification obligations under this Agreement, including a claim (claims) brought against ANAHEIM for the injury to, or death of an employee of CONTRACTOR.
4. Such insurance, except for Ambulance Malpractice coverage (if a stand- alone coverage), shall, by endorsement, contain the following provisions: “The City of Anaheim, its officers, officials, employees, representatives, and ANAHEIM-designated volunteers and Metro Cities Fire Authority are additional insureds as respects the operations, activities, work, errors, or omissions of the named insured arising out of or in connection with any contract or agreement with the City of Anaheim.” “This insurance is primary to, and shall not contribute with, any insurance or self-insurance maintained by the City of Anaheim or any of the designated additional insureds.”
Automobile Physical Damage. The Contractor shall provide comprehensive and collision coverage for fair market value cost with a maximum deductible of ten thousand dollars ($10,000) per occurrence for all vehicles set forth in Exhibit A.