Coverage limitations definition

Coverage limitations primarily means Actual Cash Value coverage instead of Replacement Cost coverage, when appropriate. It could also apply, however, to the situation where only an amount to cover the loan balance is purchased which may be insufficient to cover the full insurable value of the property. The WYO Company will have to determine what limitations may apply depending on the decisions of the lender/servicer as to how it wants to use the MPPP and the amount of underwriting information obtained.
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Examples of Coverage limitations in a sentence

  • Refer to the Prescription Drug benefit sections in this Contract for information on Coverage, limitations and exclusions.

  • Also, services or supplies that are excluded from coverage in the Evidence of Coverage, exceed Evidence of Coverage limitations or are Follow-Up Care (or related to Follow-Up Care) to Evidence of Coverage exclusions or limitations, will not be covered.

  • APPENDIX 4 Medical Travel Referral Benefit Benefit Summary Deductible Amount: None Benefit Amount: 100% of eligible expenses Individual Maximum: $10,000 per year Coverage limitations ● $125 per day for a maximum of 50 days per calendar year for all eligible expenses combined; ● Where an employer requires it, receipts must be submitted with the expense claim; ● Where the eligible expenses exceed $125 per day for the year, but do not exceed the average of $125 per day for the year, the average will be paid.

  • Coverage, limitations and exclusions are governed by the Plan documents as amended from time to time.

  • APPENDIX 4 Medical Travel Referral Benefit Benefit Summary Deductible Amount: None Benefit Amount: 100% of eligible expenses Individual Maximum: $10,000 per year Coverage limitations  $125 per day for a maximum of 50 days per calendar year for all eligible expenses combined;  Where an employer requires it, receipts must be submitted with the expense claim;  Where the eligible expenses exceed $125 per day for the year, but do not exceed the average of $125 per day for the year, the average will be paid.

  • APPENDIX 4 Medical Travel Referral Benefit Benefit Summary Deductible Amount: None Benefit Amount: 100% of eligible expenses Individual Maximum: $10,000 per year Coverage limitations ⚫ $125 per day for a maximum of 50 days per calendar year for all eligible expenses combined; ⚫ Where an employer requires it, receipts must be submitted with the expense claim; ⚫ Where the eligible expenses exceed $125 per day for the year, but do not exceed the average of $125 per day for the year, the average will be paid.

  • Coverage limitations, deductibles, and other coverage terms shall be consistent with those provided for other State-owned property having comparable acreage, value, and risk of loss to the Site.

  • Coverage limitations are measured from the date the engine is first placed in service or 12 months following delivery to the first retail purchaser, whichever occurs first.

  • Coverage, limitations and exclusions of the Dependent Care are governed by the Employer's service agreements with the provider, the Plan Documents, and Summary Plan Descriptions.

  • Coverage, limitations and exclusions of the foregoing Health Plan, Dental Plan, Life Insurance Plan, Disability Plan and Pension Plan are established by the Employer’s agreements with the insurance carriers, Service Agreements with providers or the Pension Plan documents.

Related to Coverage limitations

  • Concentration Limitations has the meaning set forth in Schedule 4.

  • Acid rain emissions limitation means, as defined in 40 CFR 72.2*, a limitation on emissions of sulfur dioxide or nitrogen oxides under the acid rain program under Title IV of the Clean Air Act (CAA).

  • Coverage Term All insurance required herein shall be maintained in full force and effect until Work required to be performed under the terms of the Contract are satisfactorily completed and formally accepted; failure to do so may constitute a material breach of this Contract, at the sole discretion of the TOWN. In the event any insurance policy(ies) required by this contract is(are) written on a “claims made” basis, coverage shall extend for two(2) years past completion and acceptance of the CONTRACTOR’s work or services, as evidenced by annual Certificates of Insurance.

  • Average weekly discharge limitation means the highest allowable average of “daily discharges” over a calendar week, calculated as the sum of all “daily discharges” measured during a calendar week divided by the number of “daily discharges” measured during that week.

  • Plantwide applicability limitation (PAL means an emission limitation expressed in tons per year, for a pollutant at a major stationary source, that is enforceable as a practical matter and established source-wide in accordance with Chapter 19, section 011.

  • Coverage means the types of persons to be eligible as the beneficiaries of the Scheme to health services provided under the Scheme, subject to the terms, conditions and limitations.

  • Coverage Area means the area described in the Website for which Nearmap has available Products, which may cover part or all of that area and which may cover part (but not all) of the area covered by the Survey.

  • Exceptions and Limitations means fair use, fair dealing, and/or any other exception or limitation to Copyright and Similar Rights that applies to Your use of the Licensed Material.

  • Coverage territory means the United States of America (including its territories and possessions), Puerto Rico and Canada.

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Coverage Tests means each of the Overcollateralization Ratio Test and the Interest Coverage Ratio Test.

  • Average monthly discharge limitation means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month.

  • Emission limitation means a requirement established by the Board, the director or the Administrator, EPA, which limits the quantity, rate or concentration of emission of air pollutants on a continuous emission reduction including any requirement relating to the operation or maintenance of a source to assure continuous emission reduction (Section 302(k)).

  • insurance period means a contribution period or an equivalent period;

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Loss Allocation Limitation As defined in Section 4.4(g).

  • Coverage Test means each of the Class A/B Par Value Test, the Class A/B Interest Coverage Test, the Class C Par Value Test, the Class C Interest Coverage Test, the Class D Par Value Test, the Class D Interest Coverage Test, the Class E Par Value Test and the Class E Interest Coverage Test.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Enforceability Limitations means limitations on enforcement and other remedies by or arising under or in connection with applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other similar Applicable Laws affecting creditors’ rights generally or general principles of equity.

  • Vandalism means destruction of or damage to a Project Asset deliberately

  • Maximum daily discharge limitation means the highest allowable “daily discharge.”

  • windstorm means straight line winds of at least 80 miles per

  • Asset Coverage Test is met if the Adjusted Aggregate Asset Amount (as defined below) shall be in an amount at least equal to the Canadian Dollar Equivalent of the aggregate Principal Amount Outstanding of the Covered Bonds as calculated on the relevant Calculation Date. For greater certainty, references in this Schedule to “immediately preceding Calculation Date” and “previous Calculation Date” are to the Calculation Period ending on the Calculation Date.

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