Minimum Required definition
Examples of Minimum Required in a sentence
Minimum limits of coverage shall be: Insurance Description Minimum Required Coverage a.
Provided such coverage meets the Minimum Required Insurance provisions of the Lease, then coverage under the LRRL policy will be terminated by the Landlord.
If at any time Resident does not have Minimum Required Insurance, Resident is in breach of the Lease and Landlord shall have, in addition to any other rights under the Lease, the right but not the obligation to purchase Minimum Required Insurance coverage and seek reimbursement from the Resident for all costs and expenses associated with such purchase.
In the event that evidence of Minimum Required Insurance is not so provided, the Resident will be charged under the Landlord’s Required Resident Liability Insurance Policy (“LRRL”).
Resident may obtain renter’s insurance, personal liability insurance, legal liability insurance or any other insurance product provided that it meets the Minimum Required Insurance provision of the Lease.