Sentences with phrase «cap per accident»

You can also find more specific coverage, which offers a cap per person and another cap per accident.

Not exact matches

Let's take the high end of 50,000 barrels per day and also assume that the well isn't capped until mid-August, four months after the accident.

Here is what you need to know about Income Replacement Benefits (IRB's): • IRB's are calculated at 70 % of your average gross income based on your employment history o Your income is calculated as the higher of either (i) the 52 weeks before the accident OR (ii) the 4 weeks before the accident multiplied by 13 o Self - employed income is calculated as the higher of either (i) the 52 weeks before the accident OR (ii) the last fiscal year o If you are receiving other income replacement assistance, such as short term or long term disability benefits, those amounts are deductable from the amount of your IRB eligibility • IRB's are capped at $ 400 per week • The first 7 days of your disability are not covered by IRB's • IRB's are payable for a 104 week (2 year) period, but you may be eligible to continue receiving this benefit past the 2 years indefinitely, if after the 2 year mark you are unable to do any occupation for which you are reasonably suited by way of your education, training and experience • The age 65 marks changes in IRB's o If you are already over the age of 65, IRB's are payable up to 208 weeks and gradually reduced over that period o If you reach the age 65 while already receiving benefits, the IRB is converted to a lifetime pension at a reduced rate based on an established formula

Here is what you need to know about NEB's: • You must be at least 16 years of age and a full time student at the time of the accident, or have completed your education the year before the accident and not yet secured employment • NEB's are capped at $ 185 per week • The first 26 weeks of your disability are not covered by NEB's • NEB's are payable for a 104 week (2 year) period, but you may be eligible to continue receiving this benefit past the 2 years indefinitely after which point the maximum amount payable increases to $ 320 per week • The same age 65 mark changes apply as in IRB ’s

The policy will pay out a top limit of $ 125,00 per accident, but this is the cap, not the guaranteed amount.

The per accident sets a cap on the maximum that the insurance company will pay out per accident.

These coverages can be distributed in specific ways For example, a plan may cover up to $ 100,000 per injured person with a cap of $ 300,000 per accident.

According to the NYTimes, Zipcar caps its insurance coverage at $ 300,000 per accident.