SPECIAL LIMITS Clause Samples
The "Special Limits" clause sets specific maximum amounts that can be claimed for certain types of losses or items under an agreement or insurance policy. For example, it may cap the payout for valuables like jewelry, electronics, or cash, regardless of their actual value or the total policy limit. This clause helps manage the insurer's risk exposure and ensures that high-value or high-risk items are subject to stricter coverage limits, thereby preventing disproportionate claims and maintaining premium affordability.
SPECIAL LIMITS. We will pay no more than the single item max limit as shown in the Declarations for any one item covered by this Collectibles Coverage. This limit applies to any excess loss that would be paid by the Blanket coverage in this policy. This endorsement is part of your policy. All other policy terms and conditions apply. For an added premium, the following coverage is provided.
SPECIAL LIMITS. We will pay no more than the single item max limit as shown in the Declarations for any one item covered by this Creative and Maker Coverage. This limit applies to any excess loss that would be paid by the Blanket coverage in this policy. This endorsement is part of your policy. All other policy terms and conditions apply.
A. DEFINITION For purposes of this coverage, Active is:
1. Non-motorized bicycles;
2. Exercise equipment;
3. Yoga mats;
4. Indoor or outdoor sporting equipment;
5. Camping equipment;
6. Guns and other hunting equipment, excluding assault rifles; and
7. Golf equipment; and their related equipment and accessories.
SPECIAL LIMITS. We will pay no more than the single item max limit as shown in the Declarations for any one item covered by this Active Coverage. This limit applies to any excess loss that would be paid by the Blanket coverage in this policy. This endorsement is part of your policy. All other policy terms and conditions apply.
A. DEFINITION For purposes of this coverage, Collectibles is:
1. Artwork;
2. Fine arts;
3. Sports memorabilia;
4. Trading cards;
5. Toys;
6. Coins, not including loose change;
7. Heirlooms;
8. Antiques;
9. Stamps;
10. Records or other types of musical playback media; and
11. Books; and their related accessories.
SPECIAL LIMITS. We will pay no more than the single item max limit as shown in the Declarations for any one item covered by this Fashion and Jewelry Coverage. This limit applies to any excess loss that would be paid by the Blanket coverage in this policy. This endorsement is part of your policy. All other policy terms and conditions apply.
A. DEFINITION For purposes of this coverage, Creative and Maker is:
1. Cameras, lenses, film or recording media, tri-pods and carrying cases;
SPECIAL LIMITS. We will pay no more than the single item max limit as shown in the Declarations for any one item covered by this Technology Coverage. This limit applies to any excess loss that would be paid by the Blanket coverage in this policy. This endorsement is part of your policy. All other policy terms and conditions apply.
A. DEFINITION For purposes of this coverage, Furniture and Appliances is:
1. Beds;
2. Chairs and tables;
3. Sofas or couches;
4. Desks;
5. Cookware and dinnerware;
6. Kitchen and laundry appliances;
7. Linens and Bedding;
8. Wall hangings and pictures; and SAMPLE POLICY
9. Other furniture; and their related accessories. These items must be owned by an insured.
SPECIAL LIMITS. We will pay no more than the single item max limit as shown in the Declarations for any one item covered by this Technology Coverage. This limit applies to any excess loss that would be paid by the Blanket coverage in this policy. This endorsement is part of your policy. All other policy terms and conditions apply. Furniture and Appliances Coverage For an added premium, the following coverage is provided.