Insurable Interest. We will not pay to any Insured any amount greater than the Insured's interest, at the time of loss, in the property covered by this insurance. Regardless of the number of persons insured or persons having claim under this insurance, or the value of the damaged property, we will not pay more for any loss than our applicable limit of this insurance. An insured loss will be paid on the basis of the value of the damaged property at the time of the loss. This value will be determined as follows:
Appears in 9 contracts
Samples: Condominium Unit Owners Insurance Agreement, Tenants Insurance Agreement, Tenants Insurance Policy
Insurable Interest. We will not pay to any Insured any amount greater than the Insured's ’s interest, at the time of loss, in the property covered by this insurance. Regardless of the number of persons insured or persons having claim under this insurance, or the value of the damaged property, we will not pay more for any loss than our applicable limit of this insurance. An insured loss will be paid on the basis of the value of the damaged property at the time of the loss. This value will be determined as follows:.
Appears in 4 contracts
Samples: Homeowners Insurance Policy, High Valued Homeowners Insurance Policy Agreement, Homeowners Insurance Policy
Insurable Interest. We will not pay to any Insured any amount greater than the Insured's ’s interest, at the time of loss, in the property covered by this insurance. Regardless of the number of persons insured or persons having claim under this insurance, or the value of the damaged propertypropert y, we will not pay more for any loss than our applicable limit of this insurance. An insured loss will be paid on the basis of the value of the damaged property at the time of the loss. This value will be determined as follows:.
Appears in 2 contracts
Samples: High Valued Homeowners Insurance Policy Agreement, High Valued Homeowners Insurance Policy
Insurable Interest. We will not pay to any Insured any amount greater than the Insured's interest, at the time of loss, in the property covered by this insurance. Regardless of the number of persons insured or persons having claim under this insurance, or the value of the damaged propertypropert y, we will not pay more for any loss than our applicable limit of this insurance. An insured loss will be paid on the basis of the value of the damaged property at the time of the loss. This value will be determined as follows:
Appears in 1 contract
Insurable Interest. We will not pay to any Insured any amount greater than the Insured's interest, at the time of loss, in the property covered by this insurance. Regardless of the number of persons insured or persons having claim under this insurance, or the value of the damaged property, we will not pay more for any loss than our applicable limit of this insurance. An insured loss will be paid on the basis of the value of the damaged property at the time of the loss. This value will be determined de termined as follows:
Appears in 1 contract
Samples: Tenants Insurance Policy
