Common use of Combined Limits Clause in Contracts

Combined Limits. (a) If the Insured elects Combined Limits then the Policy’s Combined Policy Aggregate Limit, as stated in Item 7. on the Declarations page, is the Insurer’s maximum liability for loss under all Insuring Agreements combined, inclusive of data breach response and crisis management costs regardless of the number of claims, Insuring Agreements triggered or individuals or entities making claims. Upon exhaustion of such limit of liability, the Insurer will not be liable to pay any further loss with respect to this Policy. (b) If a sublimit with respect to an Insuring Agreement is stated in Item 7. on the Declarations page, then such sublimit will be the Insurer’s maximum liability for loss with respect to such Insuring Agreement. Upon exhaustion of such sublimit, the Insurer will not be liable to pay any further loss with respect to the coverage provided by the subject Insuring Agreement. Each sublimit will be part of, and not in addition to, this Policy’s Combined Policy Aggregate Limit of Liability and will in no way serve to increase or supplement such limit of liability. All payments made under a sublimit will reduce such limit of liability.

Appears in 3 contracts

Samples: Cyber and Technology Liability Policy, Cyber and Technology Liability Policy, Cyber and Technology Liability Policy

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Combined Limits. (a) If the Insured elects Combined Limits Limits, then the Policy’s Combined Policy Aggregate Limit, as stated in Item 73. Coverage Schedule on the Declarations pagePage, is the Insurer’s maximum liability for loss under all Insuring Agreements combined, inclusive of data breach response and crisis management costs regardless of the number of claims, Insuring Agreements triggered or individuals or entities making claims. Upon exhaustion of such limit of liability, the Insurer will not be liable to pay any further loss with respect to this Policy. (b) . If a sublimit with respect to an Insuring Agreement is stated in Item 73. on the Declarations pagePage, then such sublimit will be the Insurer’s maximum liability for loss with respect to such Insuring Agreement. Upon exhaustion of such sublimit, the Insurer will not be liable to pay any further loss with respect to the coverage provided by the subject Insuring Agreement. Each sublimit will be part of, and not in addition to, this Policy’s Combined Policy Aggregate Limit of Liability and will in no way serve to increase or supplement such limit of liability. All payments made under a sublimit will reduce such limit of liability.

Appears in 2 contracts

Samples: Insurance Agreement, Insurance Agreement

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