Maximum Coverage definition

Maximum Coverage means the following amounts:
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Maximum Coverage. The maximum open/fair market aggregate value of the repairs Seller must provide or pay for with respect to any single Covered Failure during either the Primary Warranty Term or the Lifetime Warranty Term (if applicable) is the wholesale value of the Vehicle (per the regional N.A.D.A. Guide for the month of the claim ) or $3,000.00, whichever is less. Seller’s aggregate obligation for covered warranty claims under this limited warranty (under any terms or combination of terms) shall not exceed $15,000.00 fair market value (before all deductibles are applied). Buyer making, or attempting to make, a Condition Lifetime Warranty Election after the $15,000.00 maximum coverage has been reached shall not constitute a waiver by Seller of this provision. What is Not Covered: The following are not covered under the terms of this limited warranty: Failures Caused (In Whole or in Part) by Lack of Preventive Maintenance, Checks and Services (PMCS): Any otherwise covered failure that is caused (in whole or in part) by Buyer’s failure to properly and/or timely perform PMCS that is recommended or required by the manufacturer. Aftermarket Equipment/Item: Any failure of an otherwise covered item where the failed item is an aftermarket or “custom” item that was not installed by the manufacturer or manufacturer’s factory authorized dealer at time Vehicle was “new” and for which the Seller’s records do not show to have been installed on the Vehicle at time of Seller’s sale to Buyer. Noises: “Rattles,” squeaks, wind noises, and any other noises/annoyances attributable to an otherwise covered item.
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Maximum Coverage. The current maximum reimbursement amount per employee shall be $2,000 per plan year. The reimbursement per dependent shall be $1,100 per plan year. The amount of the unused employee balance that can be applied to the outstanding dependent balance shall be $530 per fiscal year..
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Examples of Maximum Coverage in a sentence

  • Issue a cash credit equal to the value of the replacement device, not to exceed the Maximum Coverage Per Claim.

  • Provide a settlement equal to the value of the replacement device, not to exceed the Maximum Coverage Per Claim.

  • The price of the replacement device will not exceed the Maximum Coverage Per Claim.

  • Policy Maximum: Coverage provided under the policy is subject to a Policy Maximum, which is the amount the policy will pay for all benefits during the policy life.

  • Calendar Year Maximum: Coverage provided under the policy is subject to a Calendar Year Maximum, which is the amount the policy will pay for all benefits in a given Calendar Year.

  • If Your Covered Device qualifies for carry-in service, we either will setup a service event for the repair to be performed at an authorized repair center of Our choosing or arrange with you to take Your Covered Device for service and reimburse to you the cost for the repair (with applicable receipt) up to the Maximum Coverage Per Claim.

  • Such Maximum Coverage amount will be pro rated by dividing the annual Maximum Coverage amount by 12, and multiplying the quotient by the number of remaining months in the Plan Year for the new Participant or the number of months in the short Plan Year, as applicable.

  • In the event that the Employer has purchased a uniform coverage risk policy from the Recordkeeper, then the Maximum Coverage amount specified in Section F.7 of the Adoption Agreement shall be pro rated with respect to (i) an Employee who becomes a Participant and enters the Plan during the Plan Year, and (ii) short plan years initiated by the Employer.

  • The price of the replacement device will not exceed the Maximum Coverage Per Claim; 2.

  • Dependents enrolled with the current health care service provider shall also be covered up to Maximum Coverage Benefit.

Related to Maximum Coverage

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Family Coverage means coverage for you and your eligible spouse and/or dependents under this Certificate. FREESTANDING FACILITY……means an Outpatient services facility that is not covered under a Hospital's written agreement with Blue Cross and Blue Shield and has its own billing number and written agreement with Blue Cross and Blue Shield to provide services to participants in the benefit program at the time services are rendered. Freestanding Facilities may also be referred to as Outpatient Freestanding Facilities. GROUP POLICY or POLICY.....means the agreement between Blue Cross and Blue Shield and the Group, any addenda, this Certificate, the Group’s application and the Plan, as appropriate, along with any exhibits, appendices, addenda and/or other required information and the individual application(s) of the persons covered under the benefit program. HABILITATIVE SERVICES....means Occupational Therapy, Physical Therapy, Speech Therapy, and other services prescribed by a Physician pursuant to a treatment plan to enhance the ability of a child to function with a Congenital, Genetic, or Early Acquired Disorder. These services may include Physical Therapy and Occupational Therapy, speech language pathology, and other services for a Covered Person with disabilities in a variety of Inpatient and/or Outpatient settings, with coverage as described in the Certificate. HEARING AID.....means any wearable non-disposable, non-experimental instrument or device designed to aid or compensate for impaired human hearing and any parts, attachments, or accessories for the instrument or device, including an ear mold. HEARING CARE PROFESSIONAL. means a person who is a licensed Hearing Aid dispenser, licensed audiologist, or licensed physician operating within the scope of such license. HOME INFUSION THERAPY PROVIDER. means a duly licensed home infusion therapy provider, when operating within the scope of such license. PARTICIPATING HOME INFUSION THERAPY PROVIDER… means a Home Infusion Therapy Provider who has a written agreement with Blue Cross and Blue Shield of Illinois or another Blue Cross and/or Blue Shield Plan to provide Covered Services to participants in the benefit program at the time Covered Services are rendered. NON-PARTICIPATING HOME INFUSION THERAPY PROVIDER… means a Home Infusion Therapy Provider who does not have a written agreement with Blue Cross and Blue Shield of Illinois or another Blue Cross and/or Blue Shield Plan to provide Covered Services to participants in the benefit program at the time Covered Services are rendered. HOSPICE CARE PROGRAM PROVIDER.....means an organization duly licensed to provide Hospice Care Program Service, when operating within the scope of such license. PARTICIPATING HOSPICE CARE PROGRAM PROVIDER… means a Hospice Care Program Provider that either: (i) has a written agreement with Blue Cross and Blue Shield of Illinois or another Blue Cross and/or Blue Shield Plan to provide Covered Services to participants in the benefit program, or; (ii) a Hospice Care Program Provider that has been designated by any Blue Cross and/or Blue Shield Plan as a Participating Provider in the benefit program. NON-PARTICIPATING HOSPICE CARE PROGRAM PROVIDER… means a Hospice Care Program Provider that either:

  • 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:

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Deductible has the meaning set forth in Section 11.1(e).

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following: