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Property Insurance definition

Property Insuranceis defined in Section 6.10(a).
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Property Insurancemeans insurance against loss or damage to real or personal
Property Insurancemeans each insurance against direct or indirect loss of or damage to a property resulting from fire, smoke, weather disturbances, climatic conditions, earthquake, volcanic eruption, rising waters, insects, blight, animals, war damage, riot, civil commotion, destruction by order of civil authority to prevent spread of conflagration or for other reason, water damage, vandalism, glass breakage, explosion of a water system, collision, theft of automobiles, and personal effects in them (but no other forms of theft insurance), loss of or damage to domestic or wild animals, and any other perils to property which in the discretion of the director or his designee form proper subjects of property insurance, if not specified in items (1), (7), (11), (35), (40), (54), or (59) of this section.

Examples of Property Insurance in a sentence

  • The Property Insurance coverage shall be sufficient to cover the Equipment at its replacement value but shall, in no event, be less than $1,000,000.

  • All Property Insurance premiums and premiums for other Insurance required under this Section 6.10 will be paid in the manner provided in Article IV, unless Lender has designated in writing another method of payment.

  • Landlord shall be designated as a loss payee with respect to Tenant’s Property Insurance on any Tenant-Insured Improvements.

  • Reinsurance assumed by the Company under obligatory reinsurance agreements, except business assumed by the Company from Citizens Property Insurance Corporation.

  • The Contractor must maintain Property Insurance during the term of the Contract that covers all property used for Contract work and all Contractor-owned property that is stored at OSU.


More Definitions of Property Insurance

Property Insurancemeans property insurance as
Property Insurance.The Contractor shall obtain at his expense any an all risk property insurance policy on his equipment on the work site as the same shall be at his risk until final completion and acceptance of the Project.
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Property Insurancemeans, collectively, the insurance policies and coverages described in clauses (i), (iii), (iv), (v) and, to the extent applicable, (vii) of Section 8.1 hereof.
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Property Insurancemeans insurance against loss or damage to real or personal property of every kind and any interest in that property, from all hazards or causes, and against loss consequential upon the loss or damage including vehicle comprehensive and vehicle physical damage coverages, but excluding inland marine insurance and ocean marine insurance as defined under Subsections (38) and (58).
Property Insurancemeans insurance providing coverage for the Premises, the Building, and Building Equipment, against loss, damage, or destruction by fire and other hazards (except earthquake or war risk) from time to time during the Term.
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Property Insurance.“Prop- erty insurance� means insurance on real or personal property of every kind and of every interest therein, whether on land, water or in the air, against loss or damage from any and all hazard or cause, and against conse- quential loss from such loss or damage, other than noncontractual legal liability for loss or damage. “Property insurance� does not in- clude title insurance. [1967 c.359 §40]
Property Insurancemeans providing protection against damage or loss to real or personal property from perils such as fire, theft and wind.
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