Common use of Aggregate Payout Amount Clause in Contracts

Aggregate Payout Amount. If you reach the Aggregate Payout Amount, you will no longer be eligible to receive a Payout Amount until the aggregate Payout Amounts paid for covered Service Requests during any rolling twelve (12) month period, as measured by the date you filed your first covered Service Request, during the applicable period are less than the Aggregate Payout Amount for that rolling twelve (12) month period. During this time period, you will still be eligible to submit a Service Request for a Covered Item(s), subject to the Repair Maximum and the Post Payout Repair Limitation. If the repair of your Covered Item will exceed the Repair Maximum or cannot be repaired as determined by us in our sole discretion as described in this Plan Agreement, you will be responsible for any costs necessary to complete the repair or replacement of your Covered Item. In order to continue to receive coverage on the Covered Item during the Plan Agreement Term, you may be required to provide Frontdoor with proof of repair or replacement upon our request. Payout Amounts received for Additional Covered Options Covered Items are not included in the calculation of the Aggregate Payout Amount.

Appears in 5 contracts

Samples: Premium Home Service Plan Agreement, Premium Home Service Plan Agreement, Premium Home Service Plan Agreement

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