Calculation of Indemnity. a. For the purpose of this Insuring Agreement, an Indemnity shall be calculated as follows: i. [(Insurable Hives x Individual Survival Rate x Coverage Level) – (Surviving Hives) – (Hives lost due to Uninsured Causes of Loss)] x Dollar Coverage per Hive. 1) If negative, no Indemnity is paid.
Appears in 2 contracts
Sources: Bee Overwintering Insuring Agreement, Bee Overwintering Insuring Agreement
Calculation of Indemnity.
a. For the purpose of this Insuring Agreement, an Indemnity shall be calculated as follows:
i. a. [(Insurable Hives x Individual Survival Rate x Coverage Level) – (Surviving Hives) – (Hives lost due to Uninsured Causes of Loss)] x Dollar Coverage per Hive.
1) If negative, no Indemnity is paid.
Appears in 1 contract
Sources: Bee Overwintering Insuring Agreement
Calculation of Indemnity.
a. For the purpose of this Insuring Agreement, an Indemnity shall be calculated as follows:
i. a. [(Insurable Hives x Individual Survival Rate x Coverage Level) – (Surviving Hives) – (Hives lost due to Uninsured Causes of Loss)] x Dollar Coverage per Hive.
1) i. If negative, no Indemnity is paid.
Appears in 1 contract
Sources: Bee Overwintering Insuring Agreement