Insured Events covered Clause Samples
The 'Insured Events covered' clause defines which specific incidents, occurrences, or situations are protected under the insurance policy. It typically lists or describes the types of events—such as fire, theft, natural disasters, or accidents—that will trigger the insurer’s obligation to provide coverage or compensation. By clearly outlining what is and is not covered, this clause ensures both parties understand the scope of protection, thereby reducing disputes and clarifying the insurer’s responsibilities.
Insured Events covered. Cover shall be provided for the following Insured Events:
4.3.2.1 Cover shall be provided for the unlawful and unauthorised transfer or use of Your Personally Identifiable Information by a third party, with the intent to carry out an unlawful activity using Your identity.
4.3.2.2 The manner in which a third party has obtained the necessary Data for identity theft may include, but is not limited to:
4.3.2.2.1 a third party gaining access to Your means of payment, login/identification, or Personally Identifiable Information via fake email or targeted manipulation of You, such as giving a false identity (for example phishing and social engineering);
4.3.2.2.2 a third party simulating the website of Your Financial Institution or another type of online payment service provider to redirect Your request to a counterfeit website and You disclose Your login/identification, or Personally Identifiable Information here in the belief of the authenticity of the website (pharming);
4.3.2.2.3 a third party gains access to Your means of payment or login/identification information or Personally Identifiable Information through malware on Your Computer Devices or by any improper action on the internet.
Insured Events covered. Cover shall be provided for the following Insured Events:
4.7.2.1 The involuntary transmission of malware to a third party;
4.7.2.2 The breach of private or confidential third-party Data stored on Your Computer Device. Multiple incidents shall be deemed to be one Insured Event where these incidents derive from the same cause, which are interdependent from a factual and temporal perspective, and due to the exchange or transmission of the same malware. The date of the incident shall be deemed to be from first known and/or discovered incident.
Insured Events covered. Cover shall be provided for the following Insured Event/s:
4.1.2.1 An authorised Funds Transfer which results in a financial loss;
Insured Events covered. Cover shall be provided for the following Insured Events:
4.2.2.1 Non delivery of goods where goods that You have ordered online from within the Republic of South Africa have not been delivered within 12 (twelve) weeks of the delivery date agreed to in the purchase contract.
4.2.2.2 Non delivery of goods where goods that You have ordered online from outside the Republic of South Africa have not been delivered within 12 (twelve) months of the delivery date agreed in the purchase contract.
4.2.2.3 Non-performance of services stated in the service and work contract. Non-performance is deemed to have occurred if the service that You bought and paid for is not provided within the defined term of the service agreement.
4.2.2.4 You have been delivered goods that are not the goods You purchased according to the online purchase contract. This shall also apply in the case of materially damaged goods or partial deliveries of goods. This section 4.
Insured Events covered. Cover shall be provided for where You become a victim of Cyber Bullying by a third party.
Insured Events covered. Cover shall be provided for the following Insured Events:
4.4.2.1 Data restoration of Data that has been corrupted, destroyed, lost or made inaccessible due to the actions of a third party.
4.4.2.2 Loss or damage to Your Computer Device due to a Cyber Attack.
Insured Events covered. Cover shall be provided in the event where the Insured is credibly threatened or for actual acts of Cyber Extortion.