Policy Limit of Liability definition

Policy Limit of Liability means the amount set forth in Item 8 of the Declarations as the maximum amount payable for all Covered Amounts under this Policy.
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Policy Limit of Liability means the amount specified in the Policy Schedule or in an endorsement which is the Insurer’s maximum liability for the aggregate of all Losses insured under the Policy.
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Examples of Policy Limit of Liability in a sentence

  • To retain for its own account and uninsured any amount which exceeds the amount that the Insurer is liable to pay to the Insured under the Policy, including Losses to the amount of the Deductible, Losses below the Non-Qualifying Loss Amount, the uninsured percentage of any Loss and any Losses in excess of the Policy Limit of Liability.

  • Each payment made by the Insurer in respect of a Loss hereunder shall reduce the Policy Limit of Liability and all other applicable limits by the amount of each payment.

  • Each payment made by the Insurer in respect of a Loss hereunder shall reduce the Policy Limit of Liability by the amount of each payment.

  • The Insurer will pay the Insured Percentage of the Loss, subject to the Policy Limit of Liability.

  • The Insurer will pay the Insured Percentage of the Loss, up to the Credit Limit applicable for the Buyer on the date of Shipment, in respect of Losses in excess of the Deductible, subject to the Policy Limit of Liability and any applicable Country Limit of Liability, whichever is the lesser.

  • IM08401373 $ (2,500.00) Deductible BUILDER'S RISK FM Global 2/1/03 to 2/1/04 $ 500,000,000.00 Policy Limit of Liability UV616 No new projects $ 5,000,000.00 Miscellaneous UnNamed Locations Loc.

  • Credi v The Insurer will pay the Insured Percentage of the Loss, up to the Credit Limit applicable for the Buyer on the date of Shipment, in respect of Losses in excess of the Deductible, subject to the Policy Limit of Liability and any applicable Country Limit of Liability, whichever is the lesser.

  • Claims paid under the Additional Benefits Section will not reduce the Master Policy Limit of Liability shown in the certificate of insurance.

  • SPECIMEN The Insurer will pay the Insured Percentage of the Loss, subject to the Policy Limit of Liability.

Related to Policy Limit of Liability

  • 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.

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Loss of Limb means loss by physical severance of a hand at or above the wrist or of a foot at or above the ankle.