Sum Covered definition

Sum Covered means the amount the Takaful Participant has covered on the Takaful Participant’s property as shown on the Schedule.

Sum Covered in respect of each Plan means the sum as specified in the Schedule of Benefits which is the maximum amount We will pay in the event of claim(s).

Sum Covered means the amount You have covered on either Your building, Your contents (including specified contents) as shown in the Schedule. This shall include the Additional Benefits and any of the Optional Benefits selected by You.

Examples of Sum Covered in a sentence

• You can opt to use the valuation recommended by this system as the Sum Covered to avoid the consequences of under-coverage as described in Section A2e.

• Alternatively, You may choose to determine the Sum Covered Yourself but You would be subject to Section A2e if You are under-covered.

• This document shows Your name and address, the Period of Takaful, the sections of this Certificate which apply, the contribution You have paid, the Car which is covered, the Sum Covered and details of any extensions or Endorsements.

• If You had opted for a Market Valuation System to determine Your Sum Covered then the Market Value would be based on that valuation system as described in clause 15 below.

• The Sum Covered must be sufficient to cover the cost to replace Your Car in the event of an Incident that completely destroys it.

More Definitions of Sum Covered

Sum Covered means the amount the Takaful Participant has covered on either the Takaful Participant’s Building, the Takaful Participant’s Contents (including specified Contents) as shown on the Schedule. This shall include the Additional Benefits and any of the Optional Benefits selected by the Takaful Participant.

Sum Covered means the amount of coverage in respect of the benefits provided in the Schedule.

Sum Covered means the amount of coverage in respect to the benefits provided under the e-CIP.

Sum Covered means the amount of coverage for which the Tabarru’ Fund is at risk. The amount of coverage as at the Effective Date is as notified by Us to the Person Covered.

Sum Covered means, the amount covered specified in the Schedule applicable to that Section.

Sum Covered means the Basic Sum Covered shown in Takaful Schedule A or in a subsequent endorsement issued by Us

Sum Covered means the amount You have covered on either Your building, Your contents (including specified contents) as shown on the