Daily Indemnity definition

Daily Indemnity means one-thirtieth of one percent (1/30 of 1%) of the Insured Person's Principal Sum, subject to a maximum monthly indemnity of two thousand and five hundred dollars ($2,500).
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Daily Indemnity means one-thirtieth of one percent (1/30 of 1%) of the Insured Person's Principal Sum, subject to a maximum monthly indemnity of two thousand and five hundred dollars ($2,500). The amount payable under this section will be co-ordinated with any amount which is paid or payable for a same or similar benefit provided under any other contracts issued to the Policyholder by the Insurer.
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Examples of Daily Indemnity in a sentence

  • The daily allowance paid for sick leave is 50% of the basic daily wage (on average, the Social Security Daily Indemnity is of EUR 43.40).

  • Such Daily Indemnity will be calculated as payable from the first (1st) Day of Hospitalization, provided the Insured Person is hospitalized for at least four (4) consecutive days.

  • Our liability under this Optional Benefit will not exceed the maximum Daily Indemnity specified in the Schedule for the applicable Period of Indemnity any one loss or series of losses caused by the insured Event, and in the aggregate for all Occurrences during the Period of Insurance, subject to reinstatement of these amounts as outlined below.

  • Your Motor Vehicle is stolen and not recovered We will pay You the Daily Indemnity Rate for a period of up to 15 days after expiration of the Deferment Period.

  • Limit of Indemnity We will pay You in accordance with the applicable Basis of Settlement the Daily Indemnity Rate up to the Sum Insured shown in Your Policy Schedule.

  • Our liability under this Optional Benefit will not exceed the maximum Daily Indemnity specified in the Schedule for the applicable Period of Indemnity any one loss or series of losses caused by the insured Event, and in the aggregate for all Occurrences during the Period of Insurance, subject to reinstatement of these amounts as outlined below.

  • Daily Indemnity in relation to Optional benefit 7 on page 14 only, means the maximum amount We shall pay for each 24 hours after the expiration of the Excess period during which the Piers and Pontoons are prevented from generating Turnover.

  • Hire for the period of Illegal Seizure or Illegal Detention of the Insured Vessel or Vessels named in the schedule, up to but not exceeding the maximum Daily Indemnity amount and the indemnity period specified in the schedule from the time such Insured Vessel or Vessels were first seized, providing such period of seizure or detention exceeds the excess period specified in the schedule.

  • Hospital Daily Indemnity shall mean a payment to be made to the Cardholder for each complete 24-hour period that the Cardholder spends as an inpatient in a hospital outside his or her Principal Country of Residence during a Journey.

  • Over recent years the towns of East Devon have seen varying levels of growth.

Related to Daily Indemnity

  • Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Buyer Indemnified Parties has the meaning set forth in Section 8.2.