Common use of Calculation of Claim Amount Clause in Contracts

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

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