LIABILITY FOR EXCESS Clause Samples
The 'Liability for Excess' clause defines the party responsible for covering losses or damages that exceed a specified limit, such as an insurance policy's coverage cap. In practice, this clause typically states that any costs or liabilities above the agreed-upon threshold must be borne by a particular party, often the insured or the policyholder. This ensures that there is clarity regarding financial responsibility for amounts not covered by the primary agreement, thereby allocating risk and preventing disputes over who pays for excess losses.
LIABILITY FOR EXCESS. All claims under OUSA's insurance are subject to the following excess charges, which shall be payable by the Hirer each and every time that the Hirer is indemnified in respect of any loss, damage or liability under clause (28):
LIABILITY FOR EXCESS. The Hirer acknowledges that they will be liable to pay the following insurance excess amounts (subject to any increase in price under clause (44) below) each and every time that they are indemnified in respect of any liability, loss or damage under clause (25) (except for liability, loss, or damage from fire or theft or conversion or attempted theft or conversion of the Vehicle, where no excess is payable):