Time Excess means the Excess Period opted by You for which We shall not be liable for any claim payment. Claim Payment shall be considered for the number of days exceeding Time Excess Period after the Date of First Loss Assessment up to the maximum eligible number of days opted or date on which vehicle is ready for delivery whichever is earlier.
Time Excess means the time period, as shown in the Schedule, We will not pay any loss of Business Income for.
Time Excess means the time after which insurer’s claim liability triggers. This refers to specified time period which needs to elapse/pass, to make insurer liable for benefit payment under the policy.
Examples of Time Excess in a sentence
The insured shall bear that proportion of each claim, which corresponds to the Time Excess agreed.
Costs incurred for use of substitute equipment during the Time Excess stated in the Schedule.
We will not be liable for loss, damage or costs incurred by You during the Time Excess.
The Insured shall bear that proportion of each claim, which corresponds to the Time Excess agreed.
The Insured must bear the Time Excess in respect of each covered interruption.
More Definitions of Time Excess
Time Excess means the number of days specified in the Policy Schedule during which You must bear the loss.
Time Excess means the period stated in the Evidence of Insurance that must pass after the start of thePeriod of Restoration, before We become liable for any Loss of Profit or Operational Expenses.
Time Excess means the time period, as shown in the schedule, for which the Insurer will not pay any loss of Business Income. 4. SECTION 5 EXCLUSIONSThe Insurer will not pay for any claim, cost or loss under this section of the policy caused by or resulting from the following: a) any claim brought against the Insured by:
Time Excess. Means the number of hours that must elapse, as stated in the Schedule, before the recovery of aBusiness Interruption Loss can be considered.
Time Excess means that period which is not insured; beginning with the occurrence of the insured damage and continuing for the duration specified in the Schedule.
Time Excess means the period beginning with the occurrence of the insured event and ending not later than the period specified in the schedule. You are not insured for any loss arising out of the cover during this period.
Time Excess used in this Section shall mean - the period stated in the column under the heading "TIME EXCESS" of the list under the heading "LIST OF MACHINERY AND PLANT" in the schedule of this Section