Deductible Or Excess definition

Deductible Or Excess means the amount the Insured first bear in relation to each Occurrence. The deductible applies to all amounts payable under this Policy including defence cost.
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Deductible Or Excess means the amount stated in the Policy Schedule, which shall be paid first by the Insured in respect of each and every claim made under this Section.
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Deductible Or Excess means an amount stated in the Schedule as a percentage, or a fixed amount, which will be deducted from the Compensation for a specific benefit, or a period of time for which the Company will not pay any benefit. A deductible is a cost-sharing requirement under an insurance policy that provides that the Insurer will not be liable for a specified amount or percentage, of the covered expenses, which will apply before any benefits are payable by the Insurer. A deductible does not reduce the sum insured.
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Examples of Deductible Or Excess in a sentence

  • Deductible or Excess means a cost-sharing requirement under a health insurance policy that provides that the Insurer will not be liable for a specified rupee amount in case of indemnity policies and for a specified number of days/hours in case of hospital cash policies which will apply before any benefits are payable by the insurer.

  • Front End Deductible or Excess means an amount of a Benefit that a Policy Holder agrees to forgo, in return for a lower Premium than would otherwise apply.

  • Deductible or Excess is a cost-sharing requirement under a health insurance policy that provides that the Insurer will not be liable for a specified rupee amount in case of indemnity policies and for a specified number of days/hours in case of hospital cash policies which will apply before any benefits are payable by the insurer.

  • For an amount lesser than the Deductible or Excess stated in the Schedule to be borne by the Insured in any one occurrence related to property damage.b. For expenditure incurred in doing or redoing or making good or repairing or replacing anything covered or coverable under Section 1(Material Damage) of this Policy.

  • Deductible or Excess Excess amounts may apply to certain sections of this policy, in which case you will have to pay the first amount of each claim under those sections.

  • Deductible or Excess shall mean the amount the Insured shall bear in respect of each and every incident or occurrence as stated in the Schedule.

  • We will not indemnify You in respect of the amount of the amount of any Deductible or Excess stated in the Policy or Your Schedule including any Condition of Average where applicable.

  • Deductible or Excess means a sum of money You or the Insured person may be required to contribute to the amount of any claim as stated in the Policy Schedule Geographical Area means territories which the Insured Person visit and which are covered under the terms and conditions of the Policy.Hazardous Activities means sky diving, parachuting, hand gliding, bungee jumping, scuba diving, mountain climbing.

  • Deductible or Excess means a sum of money you or the insured person may be required tocontribute to the amount of any claim under this policy.

  • Deductible or Excess means a sum of money You or the Insured person may be required to contribute to the amount of any claim as stated in the Policy Schedule Geographical Area means territories which the Insured Person visit and which are covered under the terms and conditions of the Policy.

Related to Deductible Or Excess

  • Deductible has the meaning set forth in Section 11.1(e).

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Default Excess means, with respect to any Defaulting Lender, the excess, if any, of such Defaulting Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all Lenders (calculated as if all Defaulting Lenders (other than such Defaulting Lender) had funded all of their respective Defaulted Loans) over the aggregate outstanding principal amount of all Loans of such Defaulting Lender.

  • Excess Amount has the meaning set forth in Section 13.

  • Annual Additions means the sum of the following amounts credited to a Participant for a Limitation Year:

  • Tax Benefit means any refund, credit, or other item that causes reduction in otherwise required liability for Taxes.