Single Limit Sample Clauses
The Single Limit clause establishes a maximum total amount that an insurer will pay for all claims arising from a particular event or over a specified period, regardless of the number of claims or claimants. In practice, this means that if multiple parties are affected by the same incident, the insurer's total payout to all parties combined cannot exceed the single limit specified in the policy. This clause is commonly used in liability insurance to cap the insurer's exposure and provide certainty regarding the maximum financial risk they assume.
Single Limit. 73505756 8-1-03 8-1-04 BODILY INJURY BODILY PROPERTY AUTO AGG AGGREGATE x WC STATU- OTH- 7171-95-38 E L ACCIDENT
Single Limit. Single Limit means that the separate limits for Coverages A, B, C and D are cumulative. If the loss or damage occurs that is covered by this policy, and if one or more of the separate Coverage A, B, C, D limits are exhausted, you may apply the unused part(s) of the remaining separate limits to make up any shortfall under an exhausted one. This coverage does not alter any underlying limits in the policy. If due to Guaranteed Replacement Cost, the amount payable for your dwelling exceeds the Coverage A limit shown in the Declaration page, this additional amount will not affect the remaining combined limit of Coverages B, C, and D. For damage to your dwelling and/or detached private structures you may choose as the basis of loss settlement either 1 or 2.
Single Limit. 1. If the Declarations shows a single limit of lia- bility for Coverage A and Coverage B com- bined: The limit of liability shown is our maximum limit of liability for all damages arising out of “bodily injury” and “property damage” resulting from any one auto accident. This is the most we will pay regardless of the number of:
a. “Insureds”;
b. Claims made;
c. Vehicles or premiums shown in the Decla- rations; or
d. Vehicles involved in the auto accident.
2. We will apply the limit of liability to provide any separate minimum limits required by law for bodily injury and property damage liability. However, this provision will not change our to- tal limit of liability.
Single Limit. The max- imum amount of coverage per accident. IF BLOCK 6 IS USED, BLOCK 5 SHOULD NOT BE USED. The minimum coverage required for a combined single limit is determined by adding the minimums specified in the ‘‘each accident’’ line of Table 2. All coverages must be stated in US dollars. ALL SEATS THAT CAN BE USED FOR PASSENGERS MUST BE INSURED.
Single Limit. If the Declarations shows a single limit of liability for Coverage D1 – Uninsured Motorists Bodily In- jury: The limit of liability shown in the Declarations for Coverage D1 – Uninsured Motorists Bodily Injury is our maximum limit of liability for all damages resulting from any one accident. This is the most we will pay regardless of the number of:
1. “Insureds”;
2. Claims made;
3. Vehicles or premiums shown in the Declara- tions; or
4. Vehicles involved in the accident.
Single Limit. If the Declarations shows a single limit of liability for Coverages D1 & D3 – Combined Uninsured Motorists Bodily Injury & Uninsured Motorists Property Damage: The limit of liability shown in the Declarations for Coverages D1 & D3 – Combined Uninsured Mo- torists Bodily Injury & Uninsured Motorists Proper- ty Damage is our maximum limit of liability for all damages resulting from any one auto accident. This is the most we will pay regardless of the number of:
1. “Insureds”;
2. Claims made;
3. Policies or bonds applicable;
4. Vehicles or premiums shown in the Declara- tions; or
5. Vehicles involved in the auto accident.