Hours Clause

The colloquial term for a clause that limits the time period during which claims arising from a given occurrence may be included as part of the loss under a catastrophe excess of loss treaty. The time period is usually measured in consecutive hours (usually 72 or 168 hours) and most often applies to property loss occurrences, e.g., a windstorm, conflagration, or earthquake, and less frequently in occupational disease and other casualty loss occurrences.