Common use of Aggregate Limit of Liability Clause in Contracts

Aggregate Limit of Liability. Unless otherwise specified, the maximum aggregates are as follows: NXT 3 - $5,000 per claim and $100,000 for the duration of the 12 (twelve) month policy. The maximum aggregate per claim is the maximum amount the contract holder is eligible to receive for any single, covered claim, noting that the contract holder is not entitled to the maximum aggregate limit for any single claim, even if the claim submitted is for an amount higher than the aggregate maximum. The maximum aggregate for the duration of the contract consists of all claims made in a single contract term. Any payment will be deducted from the aggregate maximum limits of coverage for the duration of the Contract’s term. A certification available to all home inspectors, requir- ing they met certain qualifications and were granted the official certification of ‘Certified Inspection Expert’ or ‘CIE’. If your home inspector does NOT have this certification, you will NOT have coverage under the Contract. Please call 0-000-000-0000 for a list of eligible home inspectors or information to see if you qualify. Any time a current, covered single structural compo- nent failure is reported to RWS by the contract holder. Each and every distinct covered failure of any part or component as determined by an authorized contractor, constitutes a distinct claim for which the contract holder will be responsible for a deductible or the actual cost, whichever is lower.

Aggregate Limit of Liability. Unless otherwise specified, the maximum aggregates are as follows: NXT 3 1 - $5,000 per claim and $100,000 for the duration of the 12 (twelve) month policy. The maximum aggregate per claim is the maximum amount the contract holder is eligible to receive for any single, covered claim, noting that the contract holder is not entitled to the maximum aggregate limit for any single claim, even if the claim submitted is for an amount higher than the aggregate maximum. The maximum aggregate for the duration of the contract consists of all claims made in a single contract term. Any payment will be deducted from the aggregate maximum limits of coverage for the duration of the Contract’s term. A certification available to all home inspectors, requir- ing they met certain qualifications and were granted the official certification of ‘Certified Inspection Expert’ or ‘CIE’. If your home inspector does NOT have this certification, you will NOT have coverage under the Contract. Please call 0-000-000-0000 for a list of eligible home inspectors or information to see if you qualify. Any time a current, covered single structural compo- nent failure is reported to RWS RWHP by the contract holder. Each and every distinct covered failure of any part or component as determined by an authorized contractor, constitutes a distinct claim for which the contract holder will be responsible for a deductible or the actual cost, whichever is lower.

Aggregate Limit of Liability. Unless otherwise specified, the maximum aggregates are as follows: NXT 3 1 - $5,000 per claim and $100,000 for the duration of the 12 (twelve) month policy. The maximum aggregate per claim is the maximum amount the contract holder is eligible to receive for any single, covered claim, noting that the contract holder is not entitled to the maximum aggregate limit for any single claim, even if the claim submitted is for an amount higher than the aggregate maximum. The maximum aggregate for the duration of the contract consists of all claims made in a single contract term. Any payment will be deducted from the aggregate maximum limits of coverage for the duration of the Contract’s term. A certification available to all home inspectors, requir- ing they met certain qualifications and were granted the official certification of ‘Certified Inspection Expert’ or ‘CIE’. If your home inspector does NOT have this certification, you will NOT have coverage under the Contract. Please call 0-000-000-0000 for a list of eligible home inspectors or information to see if you qualify. Any time a current, covered single structural compo- nent failure is reported to RWS by the contract holder. Each and every distinct covered failure of any part or component as determined by an authorized contractor, constitutes a distinct claim for which the contract holder will be responsible for a deductible or the actual cost, whichever is lower.