SINGLE ARTICLE LIMIT Sample Clauses
The Single Article Limit clause sets a maximum amount that can be claimed or paid for any one item or article under an insurance policy or contract. In practice, this means that if a covered item, such as a piece of jewelry or electronic equipment, is lost or damaged, the insurer will only pay up to the specified limit for that single item, regardless of its actual value or the total policy limit. This clause helps insurers manage risk by capping their exposure to high-value individual items and encourages policyholders to declare and insure valuable items separately if they exceed the standard limit.
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SINGLE ARTICLE LIMIT. Unless specifically and separately stated, the Company’s liability in respect of each article or pairs or articles shall not exceed 5% of the total Sum Insured under the Policy.
SINGLE ARTICLE LIMIT. Unless specifically and separately stated, the Company’s liability in respect of each article or pairs or articles shall not exceed 5% of the total Sum Insured under the Policy. Provided that the Company will pay regardless of fault :
1. Medical Expenses which are incurred and reported to the Company within 12 months from the date of the Accident; and
2. The injured person subjects himself to examination, at the Company’s expense, by physicians of the Company’s choice as often as the Company may reasonably require. Medical expenses are defined as expenses reasonably incurred for: