HOW MUCH WE PAY FOR LOSS OR CLAIM. Under Bodily Injury and Property Damage Coverages-The limits of liability stated in the Declarations are the maximum amounts we pay for loss in a single occurrence under these coverages, regardless of the number of:
HOW MUCH WE PAY FOR LOSS OR CLAIM. For the purpose of determining our limit of liability, all bodily injury and/or property damage arising out of continuous or repeated exposure to substantially the same general condition(s) shall be considered as arising out of one occurrence.
1. The limit of liability stated on the Declarations page, the Supplemental Declarations page or attached endorsements and the conditions set forth below fix the maximum amounts we will pay for loss regardless of the number of:
a. persons insured under this policy;
b. persons or organizations who sustain bodily injury and/or property damage; or
c. claims made or suits brought.
2. The Each Occurrence limit, subject to any aggregate limit of liability, is the most we pay for the total of damages under Coverages L for all bodily injury and/or property damage arising out of a single occurrence.
3. The policy period shown on the Declarations page, the Supplemental Declarations page or other endorsements added to this policy may be for a period of one year or longer. HOWEVER, for the purpose of determining any or all aggregate limits of liability described in this section, or in endorsements attached to this policy, policy period means a one year period beginning with the inception date of the policy (and for each subsequent one year period if applicable).
4. These agreements are extended to include an increase in the aggregate limit of liability in proportion to any policy extension whether required by the issuance of a late or incomplete conditional renewal notice, late non- renewal notice or other reason. The aggregate limit of liability is the most we will pay during a policy period for the sum of all damages under Coverage L-Bodily injury and/or Property damage.
5. The Aggregate limit of liability applies separately to each consecutive 12-month period beginning with the inception date of the General Liability Coverage shown on the Declarations page, the Supplemental Declarations page or attached endorsements. It also applies separately to any remaining policy period of less than 12-months, unless the General Liability Coverage has been extended after it was written. In that case, the additional period will be considered part of the last preceding period for the purpose of determining limits.
6. If Premises Medical Payments, Fire Legal Liability, Product/Completed Operations, or other coverages are added to this policy by endorsement, then the limits of liability and the conditions pertaining to HOW MUCH WE PAY FOR LOS...
HOW MUCH WE PAY FOR LOSS OR CLAIM. Settlement of property losses covered by this policy shall be made in accordance with the following provisions.
1. Property losses will be settled on the basis of the lesser of the following amounts:
a. the applicable limit of insurance;
b. the amount of your interest in the property;
c. the actual cash value of the property at the time of loss including an appropriate deduction for depreciation however caused;
d. the cost of repairing or replacing the property with materials of equivalent kind and quality to the extent practicable;
e. the amount computed after applying the deductible or other limitation applicable to the loss; or
f. (applies to mobile homes only at your option) the amount equal to the difference between the actual cash value of the property immediately before the loss and its actual cash value immediately after the loss.
HOW MUCH WE PAY FOR LOSS OR CLAIM. The limit of liability under this endorsement is dependent upon the age of your covered home equipment. The most we pay for loss, damage or expense arising from any one home system breakdown to covered home equipment is:
HOW MUCH WE PAY FOR LOSS OR CLAIM. The limit of liability under this endorsement is dependent upon the age of your residence shown in the Declarations. The most we pay for loss, damage or expense arising from any one service line failure is:
HOW MUCH WE PAY FOR LOSS OR CLAIM. Settlement of property losses covered by this policy shall be made in accordance with the following provisions.
A. Property losses will be settled on the basis of the lesser of the following amounts:
1. the applicable limit of insurance;
2. the amount of your interest in the property;
3. the actual cash value of the property at the time of loss including an appropriate deduction for depreciation however caused;
4. the cost of repairing or replacing the property with materials of equivalent kind and quality to the extent practicable;
5. the amount computed after applying the deductible or other limitation applicable to the loss; or
