A Casualty Clause is a provision in an insurance policy that outlines the conditions under which an insurance company will pay a claim for a loss that is a result of a casualty. The term ‘casualty’ is generally used to describe a sudden and unexpected event, such as a fire or a flood, that results in physical damage or destruction to property. There are two types of Casualty Clause: the Named Peril Clause and the All Risk Clause. The Named Peril Clause outlines specific risks that are covered by the policy, while the All Risk Clause provides coverage for all risks, except for those specifically excluded in the policy.
Casualty Clause
Instant download
Description
Examples of clauses regarding Fire or other Casualty (i.e. destroyed via fire or other means of casualty). If during the term of this Lease the Premises are damaged or destroyed by fire or other casualty, Landlord agrees, at its sole expense, promptly to repair and restore the Premises in the same condition they were in immediately prior to the damage or destruction.
A Casualty Clause is a provision in an insurance policy that outlines the conditions under which an insurance company will pay a claim for a loss that is a result of a casualty. The term ‘casualty’ is generally used to describe a sudden and unexpected event, such as a fire or a flood, that results in physical damage or destruction to property. There are two types of Casualty Clause: the Named Peril Clause and the All Risk Clause. The Named Peril Clause outlines specific risks that are covered by the policy, while the All Risk Clause provides coverage for all risks, except for those specifically excluded in the policy.
Free preview
How to fill out Casualty Clause?
Working with official documentation requires attention, accuracy, and using well-drafted templates. US Legal Forms has been helping people across the country do just that for 25 years, so when you pick your Casualty Clause template from our library, you can be certain it meets federal and state laws.
Working with our service is straightforward and quick. To obtain the required paperwork, all you’ll need is an account with a valid subscription. Here’s a brief guideline for you to get your Casualty Clause within minutes:
- Remember to attentively check the form content and its correspondence with general and law requirements by previewing it or reading its description.
- Look for an alternative official blank if the previously opened one doesn’t suit your situation or state regulations (the tab for that is on the top page corner).
- ​Log in to your account and download the Casualty Clause in the format you need. If it’s your first time with our website, click Buy now to proceed.
- Create an account, select your subscription plan, and pay with your credit card or PayPal account.
- Choose in what format you want to save your form and click Download. Print the blank or upload it to a professional PDF editor to prepare it paper-free.
All documents are drafted for multi-usage, like the Casualty Clause you see on this page. If you need them in the future, you can fill them out without re-payment - just open the My Forms tab in your profile and complete your document whenever you need it. Try US Legal Forms and accomplish your business and personal paperwork quickly and in full legal compliance!