Compensated Period Sample Clauses

Compensated Period. Compensation is paid for a time of repair which is 2 days or longer. No compensation is paid for a repair time of one day. Compensation is paid for full days. Compensation is paid for maximum repair time of 30 days. However, in case of a write-off of the vehicle the maximum period compensated is 14 days, counted from the day which the Insurance Company has decided that the vehicle is to be written off. If the vehicle is written off based on Theft Cover and the vehicle is not found, the maximum period compensated however is 30 days counted from the day the theft is first noticed. The first day of the compensated period is: • The day on which the Insured Incident occurred, if the vehicle is non-roadworthy; • Starting date of the repair, if the vehicle was roadworthy after the Insured Incident; or • For a stolen vehicle, the date on which the Insurance Company and police were informed of the theft. (Please note that maximum compensated period is counted from the day the theft was first noticed.) The last day of the compensated period is the day on which: • The repair is completed; • The stolen vehicle is recovered and it is available for use of the owner or holder of the vehicle in a roadworthy condition; • The Insured acquires for his/her permanent possession and use a vehicle replacing the damaged or stolen vehicle; or • The object of the cover is transferred to another owner or holder of the vehicle other than the insured him- or herself. If the actual date on which the Insured Incident occurred is not known, the date on which the damage was discovered shall be regarded as the date of occurrence.
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Related to Compensated Period

  • Protected Period The length of Protected Period, as that term is herein defined, shall be days.

  • week period During each bi-weekly pay period there shall be four (4) days off of which two (2) shall be scheduled as consecutive days off. The Employer will endeavour to provide schedules of not more than five

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