COVERAGE AGREEMENT Sample Clauses
The Coverage Agreement clause defines the scope and terms under which insurance protection is provided by the policy. It typically outlines what types of losses, damages, or liabilities are covered, the parties insured, and the circumstances under which coverage applies. For example, it may specify that the insurer will pay for property damage caused by certain perils or cover legal liabilities arising from specific activities. The core function of this clause is to clearly establish the boundaries of the insurer's obligations, ensuring both parties understand what is and is not protected under the policy, thereby reducing disputes and uncertainty.
COVERAGE AGREEMENT. The Section entitled COVERAGE AGREEMENTS is amended to add the following additional coverage agreement: We will pay all amounts, that you become legally obligated to pay as a result of a case management services claim that arises from a case management non-medical incident. The limit of liability is shared with, and not in addition to, the Professional Liability limit of liability stated on the CERTIFICATE OF INSURANCE. In addition to the limit of liability, we will also pay claim expenses.
COVERAGE AGREEMENT. The Company agrees, respecting loss from an Accident, which occurs during the Policy Period, to an Object which is in use or connected ready for use at a named location described on the declaration as follows:
a) to pay for loss to the Object, and
b) to pay for loss to other insured Property directly damaged by the Accident
COVERAGE AGREEMENT. 1. We will pay on behalf of a covered party those sums in excess of the retention set forth below that the covered party becomes legally obligated to pay as damages for a covered party’s errors and omissions in connection with the covered entity's operation of a housing authority.
2. For purposes of this Errors and Omissions coverage part, a claim means a civil proceeding commenced by the service of a complaint filed in a court of competent jurisdiction.
3. A claim for errors and omissions must be made during the coverage period for acts committed on or after the Retroactive Date. A claim by a person or organization seeking damages will be deemed to have been made when notice of such claim is received and recorded by any covered party or by us, whichever comes first. All claims for damages because of the same errors and omissions causing loss to the same person or organization will be deemed to have been made at the time the first of these claims is made against any covered party.
4. Claims under this coverage part are subject to a deductible of 10 %, subject to a minimum deductible of $2,500 per claim.
COVERAGE AGREEMENT. The Company agrees, with respect to the business at a Location specified in the declaration, that if the business carried on by the Insured at the Location be interrupted or interfered with solely as a result of an Accident, which occurs while this Coverage is in effect, to an Object which is in use or connected ready for use at an insured Location, the Company will pay the Insured the amount from such interruption, subject to the Limit of Liability specified in the Declaration for this Coverage.
COVERAGE AGREEMENT. We will pay on behalf of the covered party those sums that the covered party becomes
COVERAGE AGREEMENT. The Company agrees to pay compensation to any Third Party on behalf of the Insured, who is liable by law for loss arising from use of the Insured vehicle in the driveway, or from articles carried on or equipped with the vehicle during the insurance period as follows:
COVERAGE AGREEMENT. A. ▇▇▇▇ ▇▇▇▇▇▇ agrees, subject to the limitations, terms and conditions hereunder mentioned, to pay on behalf of the Member all sums which the Member shall be obligated to pay as Money Damages by reason of liability imposed upon the Member by law or assumed by the Member under a Covered Contract, by reason of Personal Injury, Bodily Injury or Property Damage that is caused by an Occurrence as defined in this Section.
B. This Coverage applies to Bodily Injury, Personal Injury and Property Damage only if:
1. The injury or damage occurs during the Agreement Period; and
2. Prior to the Agreement Period, no Member or employee authorized by the Named Member to give or receive notice of an Occurrence or claim, knew that the injury or damage had occurred, in whole or in part. If a Member or authorized employee knew, prior to the Agreement Period, that the injury or damage had occurred, then any continuation, change or resumption of such injury or damage during or after the Agreement Period will be deemed to have been known prior to the Agreement Period.
C. If Bodily Injury, Personal Injury or Property Damage occurs during the Agreement Period and is covered by this Agreement, the coverage will include any continuation, change or resumption of that Bodily Injury, Personal Injury or Property Damage after the end of the Agreement Period.
D. Bodily Injury, Personal Injury or Property Damage will be deemed to have been known to have occurred at the earliest time that any Member or any employee authorized by the Named Member to give or receive notice of an Occurrence or claim:
1. Reports all, or any part, of the injury or damage to ▇▇▇▇ or any insurer;
COVERAGE AGREEMENT. Unless the context requires otherwise, any use of the term “Coverage Agreement” will include its endorsements and the Fund Member’s CCS.
COVERAGE AGREEMENT. In the event the vehicle is lost due to Fire or Theft, the Company agree to pay compensation inclusive of any damage of the Insured vehicle including accessories, modification parts, or any original equipment of the vehicle (both manufacturers and add-on parts that have been reported to the company) from Theft, Robbery, Gang Robbery or Embezzlement, or attempting to do so. Loss of the vehicle from Fire also included any damage directly or indirectly caused by, resulting from or in connection with any Fire.
COVERAGE AGREEMENT. The Company shall be liable under this Coverage for loss resulting from the necessary interruption of business conducted by the Insured at a Location specified on the Declarations Page, caused solely by an Accident, which occurs while this Coverage is in effect, to an Object which is in use or connected ready for use at an insured Location, subject to the Limit of Liability specified in the Declarations for this Coverage.