Limit of Liability definition

Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.
Limit of Liability means the amount specified as such in the Schedule.
Limit of Liability means the amount specified in the Schedule.

Examples of Limit of Liability in a sentence

  • The IB Limit of Liability is part of and not in addition to the aggregate Limit of Liability noted on the Declarations Page.

  • If more than one Insured is named as a defendant in a single Claim, only one Limit of Liability will apply.

  • If more than one coverage is applicable in a single Claim, only one Limit of Liability will apply.

  • Both Loss and Claims Expense, including Loss and Claims Expense arising from Interrelated Wrongful Acts, shall apply against such Limit of Liability.

  • Limit of Liability - $1,000,000 Bodily Injury $1,000,000 Property Damage In addition to owned automobiles, the coverage shall include hired automobiles and non-owned automobiles with the same limits of liability.


More Definitions of Limit of Liability

Limit of Liability means the Limit of Liability specified in the Schedule.
Limit of Liability means the maximum amount payable by us as stated in the Schedule in respect of each claim or loss.
Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any
Limit of Liability means the amount stated in ITEM 3 of the SCHEDULE.
Limit of Liability means the limit of liability specified in the Schedule.
Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered
Limit of Liability means the amount specified in the Schedule which is per Occurrence other than in respect of Products Liability where the Limit of Liability is in the aggregate.