Property Damage Liability Sample Clauses
The Property Damage Liability clause establishes the responsibility of a party to compensate for damage caused to property belonging to another party. Typically, this clause outlines the circumstances under which liability arises, such as accidental damage during the course of work or use of premises, and may specify limits of liability or required insurance coverage. Its core practical function is to allocate risk and ensure that parties are protected against financial loss resulting from property damage, thereby promoting accountability and reducing disputes over responsibility.
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Property Damage Liability. (a) Except Automobiles $1 million each occurrence
(b) Aggregate $2 million
Property Damage Liability. To indemnify the insured for all sums which he shall become legally obligat- ed to pay as damages because of injury to or destruction ofproperty, including the loss of use thereof, caused by ac- cident and arising out of the ownership, maintenance or use of the automobile.
Property Damage Liability. All sums, which the company shall become legally, obligated to pay as damages because of injury to or destruction of property, caused by occurrence.
Property Damage Liability. Your liability for damages which cause physical damage to, or destruction of, tangible property, or loss of use of real property and for which you are legally responsible as a result of the actions of your pet named in the policy. This does not include tangible property which belongs to you or any person who lives with you.
Property Damage Liability. For all damage arising out of injury to or destruction of property in any one occurrence.............................. $3,000,000 Aggregate Products Completed Operations.......................... $3,000,000 Aggregate Operations............................................. $3,000,000 Aggregate Productive............................................. $3,000,000 Aggregate Contractual............................................ $3,000,000 The insurance required hereunder shall be maintained in effect during the performance of the construction work. A certified copy of each of the policies or a certificate or certificates evidencing the existence thereof, or binders, shall be delivered to Pan American at least fifteen (15) days prior to the commencement of any work. In the event any binder is delivered, it shall be replaced within thirty (30) days by a certified copy of the policy or a certificate. Each such copy or certificate shall contain a valid provision or endorsement that the policy may not be cancelled, terminated, changed or modified without giving fifteen (15) days' written advance notice thereof to Pan American and the Port Authority. The aforesaid insurance shall be written by a company or companies approved by Pan American, Pan American agreeing not to withhold its approval unreasonably. If at any time any of the insurance policies shall be or become unsatisfactory to Pan American as to form or substance or if any of the carriers issuing such policies shall be or become unsatisfactory to Pan American, the User shall promptly
obtain a new and satisfactory policy in replacement, Pan American agreeing not to act unreasonably hereunder.
Property Damage Liability. Lessor and Lessee agree that the County of Kalamazoo, Kalamazoo/Battle Creek International Airport and/or their employees shall not be held responsible for any theft, fire, or property damage or loss occurring on the Airport premises or as a result of the use of said leased hangar unless caused by the sole negligence of the County.
Property Damage Liability. $1,000,000 per occurrence.
Property Damage Liability. For damages because of injury to or destruction of property of any kind or description, including the loss of use thereof and all other direct or indirect or consequential losses, caused by an occurrence. Including where applicable:
(1) The Assured's liability as charterers or hirers of any tugs, supply boats or similar craft which are covered automatically hereon.
(2) Employer's liability and automobile liability but such cover shall be in excess of the local and/or compulsory policies, if any.
(3) Non-owned aviation liability but excess hereon of a minimum underlying limit of US$5,000,000,-.
Property Damage Liability. The Occupant is obligated to maintain Property Damage Liability “Renter’s Insurance” coverage during the first Occupancy Period of the Housing Agreement and any subsequent Occupancy Periods. Coverage is required in the minimum amount of one hundred thousand dollars ($100,000.00) per occurrence. Such policy shall be written as a policy not contributing with and not in excess of coverage which the Seminary may carry. A Proof of Insurance Certificate for a minimum of $100,000 per occurrence of liability coverage with either the Seminary named as an “additional interest” or the notation “the Seminary is informed if the Occupant policy has been cancelled” must be provided a minimum of 10 days prior to the “Occupancy Date.” If a Proof of Insurance Certificate is not provided, as required, or if the Occupant’s Property Damage Liability coverage expires or is cancelled, the Occupant agrees to the Seminary’s “Property Damage Liability Loss Waiver” option, which waives the Occupant’s obligation for Property Damage Liability, as respects only to damages related to the perils of fire, explosion, sewer backup, smoke, and accidental water discharge and enrolls the Occupant in the Students Legal Liability™ (SLL) program for the Occupants of Housing. The Property Damage Loss Wavier does not relieve the Occupant from the above Seminary Indemnification, but waives only the Property Damage Liability requirement. The Property Damage Liability Loss Waiver enrolls the Occupant onto the SLL program and the Occupant is charged a flat rate fee of $ 15.00 per month.
Property Damage Liability. Contractor shall maintain insurance covering all owned, non-owned, and hired vehicles. The policy limits of such insurance shall not be less than $1,000,000 combined single limit each person/each occurrence.