Common use of Calculation of Indemnity Clause in Contracts

Calculation of Indemnity. ‌ a. Hail Endorsement Indemnity is determined by the percentage of damage to the Insured Crop multiplied by the Dollar Coverage per Acre and the number of damaged acres. b. When the hail loss is determined to be less than ten percent on the damaged acres, no Hail Endorsement Indemnity shall be payable to the Insured. c. For hail loss greater than 70 percent: i. Where the actual percentage of damage from hail is determined by AFSC to be in excess of 70 percent but less than 90 percent, an additional allowance shall be made. This allowance will be equal to the difference between the actual percentage of damage and 70 percent to a maximum of ten percent. ii. Where the actual percentage of damage from hail is determined by AFSC to be equal to or in excess of 90 percent, the damage shall be deemed and calculated by AFSC to be 100 percent. d. In no case shall any Indemnity be paid under this Insuring Agreement in respect of any crop or part of it that has been so damaged by causes other than hail that, in the opinion of the adjuster, the value likely to be obtained for the Harvested Production would not exceed the actual cost of cutting, threshing and marketing the Harvested Production.

Calculation of Indemnity. ‌ a. When damage is determined to be less than ten percent of the Coverage on the damaged acres, no Hail Endorsement Indemnity shall be payable to the Insured. b. Hail Endorsement Indemnity is determined by the percentage of damage to the Insured Crop multiplied by the Dollar Coverage per Acre acre and the number of damaged acres. b. When the hail loss is determined to be less than ten percent on the damaged acres, no c. Hail Endorsement Indemnity shall be payable to the Insured. c. For hail loss greater Loss Greater than 70 percent: i. Where the actual percentage of damage from hail is determined by AFSC to be in excess of 70 percent but less than or equal to 90 percent, an additional allowance shall be made. This allowance will be equal to the difference between the actual percentage of damage and 70 percent to a maximum of ten percent. ii. Where the actual percentage of damage from hail is determined by AFSC to be equal to or in excess of 90 percent, the damage shall be deemed and calculated by AFSC to be 100 percent. d. In no case shall any Indemnity be paid under this Insuring Agreement in respect of any crop or part of it that has been so damaged by causes bycauses other than hail that, in the opinion of the adjuster, the value likely to be obtained for the Harvested Production would not exceed the actual cost of cutting, threshing and marketing the Harvested Production.

Calculation of Indemnity. ‌ a. Hail Endorsement Indemnity is determined by the percentage of damage to the Insured Crop multiplied by the Dollar Coverage per Acre and the number of damaged acres. b. When the hail loss is determined to be less than ten percent on the damaged acres, no Hail Endorsement Indemnity shall be payable to the Insured. c. For hail Hail loss greater than 70 percent: i. Where the actual percentage of damage from hail is determined by AFSC to be in excess of 70 percent but less than 90 percent, an additional allowance shall be made. This allowance will be equal to the difference between the actual percentage of damage and 70 percent to a maximum of ten percent. ii. Where the actual percentage of damage from hail is determined by AFSC to be equal to or in excess of 90 percent, the damage shall be deemed and calculated by AFSC to be 100 percent. d. In no case shall any Indemnity be paid under this Insuring Agreement in respect of any crop or part of it that has been so damaged by causes bycauses other than hail that, in the opinion of the adjuster, the value likely to be obtained for the Harvested Production would not exceed the actual cost of cutting, threshing and marketing the Harvested Production.