Common use of Limitation of Amount Clause in Contracts

Limitation of Amount. We are not liable under Section C for any amount in excess of the actual cash value of your snowmobile at the time the loss or damage occurs or in excess of the amount shown for this endorsement on the Summary of Coverage page, whichever is the lesser. In respect to loss or damage for which you are insured under Section C, we agree that the described snowmobile is valued at and insured for the amount shown for this endorsement on the Summary of Coverage page, subject to the applicable Section C deductible. When the loss involving the described snowmobile is a partial loss only, our liability is limited to the cost of repair, less the applicable Section C deductible, but such cost shall not exceed the amount shown for this endorsement on the Summary of Coverage page. We are not liable under Section C for loss or damage to fire-fighting, rescue or salvage equipment that has been removed from your snowmobile while the snowmobile is at the location of a fire.