Limit of insurance definition

Limit of insurance means the most we will pay for covered loss arising from any seismic event.

Limit of insurance means the most we will pay for any single covered event after any applicable de- ductible has been met.

Limit of insurance. The limit of insurance for your coverage, as shown on the “Auburn Insured Policy Declarations” page, applies to all issues arising from any two covered events or one theft during one policy period. What This Agreement Covers: We will cover direct physical loss caused by accidental damage, fire, flood, vandalism, natural disasters and power surge due to lightning occurring during the policy period to the iPad, including items entrusted to you, worldwide, as long as the items were in your possession and reported to us. The policy will also cover accidental damage, caused by normal and intended use of the equipment. This includes accidental instances resulting in a broken or cracked screen. We will also cover malfunction of the device that arises naturally and through no fault of the user. LOSSES WE WILL NOT COVER:

Examples of Limit of insurance in a sentence

• Our share is the proportion that the applicable Limit of Insurance under this policy bears to the Limits of Insurance of all insurance covering on the same basis.

• The Company’s obligations hereunder end when the Company has used up the applicable Limit of Insurance.

• If the Insured has other insurance provided by a SBI General Insurance Co Ltd company against a loss covered by this Policy, the maximum Limit of Insurance under all policies will not exceed the highest applicable Limit of Insurance available under any one Policy.

• If the Insured has other insurance against a loss covered by this Policy that purports to be excess of this insurance, we will not be liable under this Policy for a greater proportion of such loss and claims expenses than the applicable Limit of Insurance stated in the Schedule bears to the total applicable limit of insurance of all valid and collectible insurance against such loss.

• These Incidental Coverages do not increase the Limit of Insurance stated for the Principal Coverages.

More Definitions of Limit of insurance

Limit of insurance means the maximum amount as shown on the Declarations that Underwriters will pay in

Limit of insurance. The limit of insurance for your selected coverage as shown on the Policy Declarations page, applies to all losses arising from any one event. Any amount we pay will not reduce your coverage for future losses. POLICY PERIOD: Period for which coverage is in force as stated on your Policy Declarations page. A loss must occur within this period to be covered.

Limit of insurance means the most “we” will pay under each coverage shown in the Declarations for any single “covered event”, after any applicable deductible has been met.

Limit of insurance means the maximum amount the Company will pay for loss or damage and is subject to amounts declared at each Insured Location as reflected in the latest Statement of Values on file with the Company at the time of loss.

Limit of insurance means the maximum amount as shown on the Declarations that Underwriters will pay in any one occurrence for loss or damage to Insured Goods.

Limit of insurance means a limit of insurance equal to the Adjusted Total Value indicated in the Property Coverage Declarations. This includes the property covered under E. SPECIAL PROPERTY COVERAGES, unless a separate limit, lower limit or reduced amount of insurance is indicated in this Contract, Schedule of Property Values, or in the Property Coverage Declarations for any such Covered Property.

Limit of insurance means the amount or amounts specified in Item 3 of the Schedule and applied in accordance with Section V LIMITS OF LIABILITY AND DEDUCTIBLE hereof.