Dollar Coverage per Hive definition
Examples of Dollar Coverage per Hive in a sentence
The Insured’s Premium is calculated by multiplying the Dollar Coverage per Hive by the Insured’s share of the premium rate and applying any applicable premium adjustments.
For the purpose of this Insuring Agreement, an Indemnity shall be calculated as follows: [(Insurable Hives x Individual Survival Rate x Coverage Level) – (Surviving Hives) – (Hives lost due to Uninsured Causes of Loss)] x Dollar Coverage per Hive If negative, no Indemnity is paid.