Common use of TIME OF LOSS Clause in Contracts

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 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 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 ’s fees, in a sum to be determined by the arbitrator(s):