Limit of Coverage definition

Limit of Coverage means the amount of coverage stated in the Declarations or certificate of coverage, or sublimits as stated therein for each Participant or covered party per occurrence, subject to any lower sublimit stated in the MOC.
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Limit of Coverage means the amount of coverage stated in the Declarations or certificate of coverage, or sublimits as stated therein for each covered party per occurrence, subject to any lower sublimit stated in this MOC. In the event that a structured settlement, whether purchased from or through a third-party, or paid directly by the covered party in installments, is utilized in the resolution of a claim or suit, the Authority will pay only up to the amount stated in the Declarations or certificate of coverage, in present value of the claim as determined on the date of settlement, regardless of whether the full value of the settlement exceeds the amount stated in the Declarations or certificate of coverage.
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Limit of Coverage means, subject to the "Table of covered maximum fees and costs", the maximum amount payable for fees and costs for a claim according to the stage at which it is resolved, up to $7,500 per claim and $15,000 per period of insurance. The amounts per claim and per period cannot be increased due to a plurality of insured.
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Examples of Limit of Coverage in a sentence

  • The Limit of Coverage shall include the Covered Party’s Retained Limit.

  • For each Occurrence, there shall be only one Limit of Coverage regardless of the number of claimants or Covered Parties against whom a Claim is made, or the number of Coverage Periods through which the Occurrence continues.

  • You should be aware that We are entitled to provide settlement up to the Limit of Coverage after deducting the applicable Excess(es) in full and final settlement of Your claim for damage to Your Vehicle, even if that value is under-stated.

  • Our obligation to repair Your Car shall be limited to the cost calculated by applying the proportion that the value of the repair service that We are to provide bears to the Market Value of Your Car up to the Limit of Coverage less the applicable Excess(es).

  • You should be aware that We are entitled to provide settlement up to the Limit of Coverage after deducting the applicable Excess(es) in full and final settlement of Your claim for damage to Your Car, even if that value is under-stated.

  • Our obligation to repair Your Vehicle shall be limited to the cost calculated by applying the proportion that the value of the repair service that We are to provide bears to the Market Value of Your Vehicle up to the Limit of Coverage less the applicable Excess(es).

  • For each Occurrence, there shall be only one Limit of Coverage regardless of the number of claimants or Covered Parties against whom a claim is made.

  • Our obligation to repair Your Vehicle’s windscreen or windows shall be limited to the cost calculated by applying the proportion that the value of the repair service that We are to provide bears to the Market Value of Your Vehicle up to the Limit of Coverage less the applicable Excess(es).

  • Nothing contained herein shall operate to increase the Authority’s Limit of Coverage under this Memorandum.

  • Our obligation to repair Your Car’s windscreen or windows shall be limited to the cost calculated by applying the proportion that the value of the repair service that We are to provide bears to the Market Value of Your Car up to the Limit of Coverage less the applicable Excess(es).


More Definitions of Limit of Coverage

Limit of Coverage. Minimum of $2,000,000 in respect of any one occurrence and including cross-liability and severability of interest provisions. Certificate Holder: Must be Summit Pacific College Additional Insured: Must be named Summit Pacific College 00000 Xxxxxxxx Xxxx, Xxxxxxxxxx, XX Cancellation Clause: Must have 30 day cancellation notice Subrogation Waiver: The policy must contain waiver of any subrogation rights, which the User Groups insurer may have against the college, its directors, officers, trustees, employers, members and volunteers. Insurance The User Group must provide the certificate of insurance to the college Certificate: prior to making use of the college property. Regular users shall provide replacement certificates of insurance from time to time prior to expiry of any policies of insurance.
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Limit of Coverage means the amount of coverage stated in the declaration page or certificate of coverage for each “covered party” per “occurrence.” With respect to “bodily injury,” “property damage,” and “personal injury,” that amount is $1,000,000.00 and the self-insured retention is the amount chosen by the “covered party” and reflected in its Declaration page. With respect to “public officials’ errors & omissions,” that amount is $250,000.00 and the self-insured retention is$25,000.00. For each “occurrence,” there shall be only one limit of coverage regardless of the number of claimants or “covered parties” against whom a claim is made. In the event that a structured settlement, whether purchased from or through a third- party, or paid directly by the “covered party” in installments, is utilized in the resolution of a claim or suit, the Authority will pay only up to the amount stated in the Declarations or certificate of coverage in present value of the claim, as determined on the date of settlement, regardless of whether the full value of the settlement exceeds the amount stated in the Declarations or certificate of coverage.
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Limit of Coverage means the value agree- ment between you and the “shipper” and designated on the “shipping document”. In no case can the “limit of coverage” exceed the Any One Loss limit shown in the Schedule.
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Limit of Coverage means: The amount of coverage stated in the Declarations or Certificate of Coverage for each “covered party,” per “occurrence,” subject to any sub-limit stated in this memorandum. For each “occurrence,” there shall be only one “limit of coverage” regardless of the number of claimants or “covered parties” against whom a “claim” is made. In the event of a structured settlement, whether purchased from or through a third party or paid directly by the “covered party” in installments, is utilized in the resolution of a “claim,” only the present value of the agreed upon payments (the present value cost of the structured settlement) shall be considered in determining satisfaction of the “covered party’s” “limit of coverage.”
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Limit of Coverage has the meaning set forth in Section VIII of this Plan. (Excess Plan, p. 1 and p. 7)
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Related to Limit of Coverage

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • Certificate of Coverage means a written certification provided by any source that offers medical care coverage, including the Plan, for the purpose of confirming the duration and type of an individual’s previous coverage.

  • Outline of coverage means a summary that explains an accident and health insurance policy.

  • Period of Coverage means the Plan Year, with the following exceptions: (a) for Employees who first become eligible to participate, it shall mean the portion of the Plan Year following the date on which participation commences, as described in Section 3.1; and (b) for Employees who terminate participation, it shall mean the portion of the Plan Year prior to the date on which participation terminates, as described in Section 3.2.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Period of Cover means the duration of Your cover as stated in Your Policy Documents.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Levels of cover means cover is available for either hospital treatment, general treatment or combined hospital and general treatment.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Property Insurance is defined in Section 6.10(a).

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Asset Coverage means “asset coverage” of a class of senior security which is a stock, as defined for purposes of Section 18(h) of the 1940 Act as in effect on the date hereof, determined on the basis of values calculated as of a time within 48 hours (only including Business Days) next preceding the time of such determination.

  • Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $4,614,259, in each case reduced by Special Hazard Losses allocated to the Certificates since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $4,614,259 as reduced by the Special Hazard Losses allocated to the Certificates since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies (determined in the case of the Insured Certificates, without giving effect to the Certificate Insurance Policy).

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Blanket insurance policy means a group policy covering a defined class of