Common use of Schedule of Compensation Clause in Contracts

Schedule of Compensation. Compensation shall not be payable under more than one of the items of this Schedule of Compensation in respect of the consequences of one accident to any one insured person. The total sums payable under this insurance in respect of more than one accident to any one insured person shall not exceed CAD 50,000. No more than five claims may be made under this insurance during the period of insurance. Claims under A, B, C, D, E & F below shall only be considered when death or loss occurs within 12 months of the accident A. Death CAD 50,000 B. Total and irrecoverable loss of sight of both eyes CAD 50,000 C. Total and irrecoverable loss of sight of one eye CAD 50,000 D. Loss of one limb CAD 50,000 E. Loss of two limbs CAD 50,000 F. Total and irrecoverable loss of sight of one limb and one eye CAD 50,000 G. Permanent Total Disablement (other than total and irrecoverable loss of sight of one or both eyes or loss of limb(s) CAD 50,000