Maximum Deductible Sample Clauses
The Maximum Deductible clause sets a cap on the amount a party must pay out-of-pocket before insurance coverage or indemnification obligations begin. In practice, this means that if a loss occurs, the responsible party or insured must cover losses up to the specified deductible amount, but any costs exceeding this cap are covered by the insurer or indemnifying party. This clause ensures that the financial exposure of the party responsible for the deductible is limited, providing predictability and preventing excessive out-of-pocket expenses in the event of a claim.
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Maximum Deductible. To be approved by the Agent (acting in consultation with the Insurance Advisor), but no more than 60 days.
Maximum Deductible. No policies shall specify a deductible of more than $100,000 per claim. If demanded in writing by the insurer and with the Owner’s approval, the deductible limit may be increased to an amount not in excess of the limit established for Design Professionals under the usual deductible guidelines of the insurer.
Maximum Deductible. The deductible shall not exceed the lesser of $25,000 or 5% of the coverage amount (per Property).
Maximum Deductible. Not to exceed USD50,000 in respect of each occurrence or such higher amounts as may be agreed by the Intercreditor Agent.
Maximum Deductible. No policies shall specify a deductible of more than $50,000 per claim.
Maximum Deductible. No policies shall specify a deductible or self-insured retention of more than $250,000 per claim. If demanded in writing by the insurer and with the GDOT’s approval, the deductible limit may be increased to an amount not in excess of the limit established for Design Professionals under the usual deductible guidelines of the insurer, provided the Design Professional meets the Department’s standard requirements for self-insurance.
Maximum Deductible. No policy of insurance may contain a deductible in excess of $100,000.00.
Maximum Deductible. Not to exceed: • USD250,000 each and every loss in respect of damage due to Acts of God/Theft/Fire/Maintenance Period/Consequences of Defective Design, Material and Workmanship (DE3) • 20% of the loss amount each and every loss subject to a minimum deductible of USD100,000 in respect of Water Damage • USD250,000 each and every loss in respect of Defective Design, Material and Workmanship (DE5) • 50% of the loss amount each and every loss subject to a minimum of USD35,000 in respect of Scaffolding • USD35,000 each and every loss for Others
Maximum Deductible. USD 25,000 for each and every occurrence of property damage (third party bodily injury claims will be paid in full).
Maximum Deductible. Not to exceed USD150,000 (or USD500,000 in respect of gaming activities) in respect of each occurrence or such higher amounts as may be agreed by the Agent.