TIME OF LOSS Sample Clauses
The "Time of Loss" clause defines the specific moment when a loss, damage, or insured event is considered to have occurred under an insurance policy or contract. This clause typically determines which policy period applies to a claim, especially if coverage terms or insurers have changed over time. For example, if property damage happens overnight, the clause clarifies whether the loss is attributed to the date the damage began or when it was discovered. Its core function is to ensure clarity and prevent disputes about coverage by establishing a clear point in time for when liability or coverage is triggered.
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TIME OF LOSS. This policy applies only to losses which occur during the policy period shown on the In case we fail to agree with you as to the meaning or effect of any provision of this policy or as to the amount payable for any loss covered by this policy, said disagreement shall be resolved by binding arbitration in accordance with the statutory rules and procedures of the state in which the property is located or in accordance with the Commercial Arbitration Rules of the American Arbitration Association.
TIME OF LOSS. This policy applies only to losses which occur during the policy period shown on the Declarations Page.
TIME OF LOSS. This policy applies only to losses which occur during the policy period shown on the Declarations Page. In case we fail to agree with you as to the meaning or effect of any provision of this policy or as to the amount payable in accordance with the express terms of this policy for any covered loss the disagreement shall be resolved by binding arbitration in accordance with the statutory rules and procedures of the state in which the property is located. Should an arbitration under the terms of this clause result in any of the following, we will reimburse you for expenses actually incurred by you with respect to the arbitration, including reasonable attorney's fees, in a sum to be determined by the arbitrator(s):
TIME OF LOSS. This policy applies only to losses which occur during the policy period shown on the In case we fail to agree with you as to the meaning or effect of any provision of this policy or as to the amount payable for any loss covered by this policy, said disagreement shall be resolved by binding arbitration in accordance with the statutory rules and procedures of the state in which the property is located or in accordance with the Commercial Arbitration Rules of the American Arbitration Association. Declarations Page. Should an arbitration under the terms of this clause result in a determination in your favor, we shall reimburse you for expenses actually incurred by you with respect to the arbitration, including reasonable attorney's fees, in a sum to be determined by the arbitrator(s). The provisions of this clause are mandatory and may be enforced either by you or by us.