Total Sum Insured definition

Total Sum Insured means the total sum insured stated in the Policy as selected by the Policyholder. The Total Sum Insured is calculated by multiplying the per hectare sum insured times the Insured Area, both as stated in the Policy.
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Total Sum Insured means the amount We agree to insure Your Boat for and is the total value for the Boat’s Hull, Motors, Equipment and Accessories, sails, masts, spars, standard and running rigging and trailer, whether individual sums insured are specified for these items or not.
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Total Sum Insured means the amount as stated in the Schedule to this Policy which shall represent the Company's maximum liability for any and all claims incurred under the Policy.
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Examples of Total Sum Insured in a sentence

  • The benefit shall not in any event exceed the Total Sum Insured or the Maximum Number of Weeks as stated in the Schedule.

  • If during the Period of Insurance an Insured Person sustains Bodily Injury which directly and independently of all other causes results in a broken bone as specified in this Section, then the Company agrees to pay to the Insured Person the Compensation stated in the Table of Benefits up to the Total Sum Insured in the Schedule.

  • The net cost of repairing such damage but not exceeding in respect of any one item specified in the Policy Schedule the Sum Insured thereon nor in respect of damage to the Premises five per cent (5%) of the Total Sum Insured nor in the whole during any one Period of Insurance such Total Sum Insured.

  • PROVIDED THAT the liability of the Company shall, in no case, exceed in respect of each item the Sum Insured or the Total Sum Insured in the Schedule or such other sum as may be substituted by endorsement attached hereto.

  • If during the Period of Insurance an Insured Person sustains Bodily Injury whilst on a Common Carrier which directly and independently of all other causes results in second or third degree burns, then the Company agrees to pay to the Insured Person the Compensation stated in the Table of Benefits up to the Total Sum Insured in the Schedule.

  • LIMIT OF INDEMNITYThe Limit of indemnity under this cover shall not exceed the Total Sum Insured given in the Policy Schedule or INR 15,000,000,000 whichever is lower.

  • Each of the parties hereto further agree that, to the fullest extent permitted by applicable Law, service of any process, summons, notice or document in any such claim, suit, action or proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court.

  • The total amount payable under this Section, in respect of more than one fracture due to the same Bodily Injury, will be calculated by adding the various benefits together, but shall not exceed the Total Sum Insured.

  • In respect of sabotage and/or terrorism cover for dwellings, limit of indemnity shall not exceed Total Sum Insured as mentioned in the Policy Schedule or INR 4,000,000,000 per compound/location whichever is lower.

  • The cover under this Extension is included within the Total Sum Insured.


More Definitions of Total Sum Insured

Total Sum Insured means themaximum amount of coverage, as specified in Part I of the Schedule to this Policy, that the Insured is entitled to in respect of each benefit under this Policy. This is limited to a maximum of Rs 10 million for all the benefits put together, and cumulatively in respect of all the Insured Person(s).
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Total Sum Insured means the amount mentioned in the Schedule to the Policy which is the maximum amount payable as a whole under the Policy for all the insured perils during the Policy Period as mentioned in the Schedule to the Policy. Total Sum Insured shall stand automatically reduced by the amount of claims paid under the Policy.
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Total Sum Insured means the amount specified in the Schedule which is Our maximum, total and cumulative liability for any and all claims arising in respect of the Insured Person under any and all Benefits during the Policy Term.
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Total Sum Insured means the total amount of benefit payable as stated in the
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Total Sum Insured wherever used in this Policy means the sum of the lump sum amount and the Monthly Benefits times 60 months over which the benefit stated in the Certificate of Insurance will be paid.
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Related to Total Sum Insured

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.

  • 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.

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

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

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

  • Insured Amount As defined in the Policy.

  • Insured as used in this Part means:

  • Loss Occurrence means the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, except that the term "loss occurrence" shall be further defined as follows:

  • Debt Service Coverage means that for every $1.00 of debt service required to be paid there must be $1.15 of Net Operating Income available. A worksheet for the calculation of Debt Service Coverage is found in the Report of Operations attached hereto as Exhibit "H" and incorporated herein by this reference.