Limit of Coverage definition

Limit of Coverage. Minimum of $2,000,000 in respect of any one occurrence and including cross-liability and severability of interest provisions.
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Limit of Coverage means the amount of coverage stated in the declaration page or certificate of coverage for each “covered party” per “occurrence.” With respect to “bodily injury,” “property damage,” and “personal injury,” that amount is $1,000,000.00 and the self-insured retention is the amount chosen by the “covered party” and reflected in its Declaration page. With respect to “public officials’ errors & omissions,” that amount is $250,000.00 and the self-insured retention is
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Limit of Coverage means the value agree- ment between you and the “shipper” and designated on the “shipping document”. In no case can the “limit of coverage” exceed the Any One Loss limit shown in the Schedule.
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Examples of Limit of Coverage in a sentence

  • During the term of this Agreement, and subject to Our Limit of Coverage Liability, after three (3) service repairs have been completed on the same component of an individual Covered Product and that Covered Product component requires a fourth repair, as determined by Us, We will replace it with a product of comparable performance.

  • If You paid for Your Agreement in one payment, coverage under Your Agreement will end on the Agreement Expiration Date of Your coverage, unless it is renewed or cancelled or Our obligations under the Agreement become fulfilled in their entirety, in accordance with the Limit of Coverage Liability.

  • If You select a plan that automatically renews on a month-to-month basis, coverage under Your Agreement will continue and You authorize Administrator/Seller to charge Your credit card for the amount specified on Your payment receipt each month until Your Agreement is cancelled, We have fulfilled Our obligations under this Agreement in accordance with the Limit of Coverage Liability, or We discontinue the monthly renewals.

  • Cash settlements will be based on what We would ordinarily expect to pay for the same part or labor, which may be less than actual retail cost up to the Limit of Coverage Liability.

  • Limit of Coverage Liability and Conditions, 4., is revised to include: This Agreement does not exclude pre-existing conditions if such conditions were known or should reasonably have been known by Us or the person selling the Agreement on Our behalf.

  • Type of Coverage Limit of Coverage Worker’s Compensation Statutory Disability Statutory Employer’s Liability $500,000 ea.

  • The Limit of Coverage Liability is the value of the Covered Product at the time of purchase, excluding sales tax, delivery and handling.

  • If the loss exceeds the deductible amount “We” will pay the amount of loss in excess of the deductible amount up to the applicable Limit of Coverage.

  • This Agreement shall expire upon replacement of Your Covered Product or payment to You of the Limit of Coverage Liability in lieu of replacement.

  • If You paid for Your Agreement in one payment, coverage under Your Agreement begins on the Agreement Effective Date indicated on Your sales receipt and ends the number of months indicated as the Agreement Term in Months on Your sales receipt or Schedule Page of this Agreement, unless it is renewed or cancelled or Our obligations under the Agreement become fulfilled in their entirety, in accordance with the Limit of Coverage Liability.


More Definitions of Limit of Coverage

Limit of Coverage has the meaning set forth in Section VIII of this Plan. (Excess Plan, p. 1 and p. 7)
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