Common use of Limitations on Certain Property Clause in Contracts

Limitations on Certain Property. The special “limits” shown below do not increase the Coverage C “limit”. The “limit” for each class is the total “limit” per “occurrence” for all items in that class. 1) $250 unless a higher “limit” is shown on the “declarations” on money; bank notes; bullion; gold other than goldware and gold-plated ware; silver other than silverware and silver-plated ware; platinum other than platinumware or platinum-plated ware; coins; medals; scrip; smart cards; and cards or other devices on which a cash value is stored electronically. 2) $1,500 unless a higher “limit” is shown on the “declarations” on securities, stamps, letters of credit, notes other than bank notes, personal records, tickets, accounts, deeds, evidence of debt, passports, and manuscripts. This special “limit” applies regardless of the medium on which these items exist, and includes the cost of research or other expenses necessary to reproduce, replace, or restore the item. 3) $1,500 unless a higher “limit” is shown on the “declarations” on electronic devices and accessories while in or on a “motorized vehicle” or “watercraft”, if the device can be operated from the electrical system of the “motorized vehicle” or “watercraft” and by another source of power. Accessories include antennas, films, tapes, wires, discs, records, or other media that can be used with such devices. 4) $1,500 unless a higher “limit” is shown on the “declarations” on electronic devices and accessories used primarily for “business” purposes while away from the “described location” and not in or on a “motorized vehicle” or “watercraft”, if the device can be operated from the electrical system of a “motorized vehicle” or “watercraft” and by another source of power. Accessories include antennas, films, tapes, wires, discs, records, or other media that can be used with such devices. 5) $1,500 on “watercraft” including their furnishings, equipment, engines, motors, trailers, and semitrailers. However, this does not apply to: a) model watercraft that is not designed or used to carry people or cargo; or b) “hovercraft”. 6) $1,500 on trailers and semitrailers, other than trailers and semitrailers designed for or used with “watercraft”. 7) For loss by theft: a) $2,500 unless a higher “limit” is shown on the “declarations” on jewelry, watches, precious and semiprecious stones, gems, and furs. If a higher “limit” is shown on the “declarations”, “we” will not pay more than $1,000 for any one article; b) $2,500 unless a higher “limit” is shown on the “declarations” on silverware, goldware, platinumware, pewterware, and items plated with gold, silver, or platinum; and c) $2,500 unless a higher “limit” is shown on the “declarations” on guns and items related to guns. 8) For loss to personal property used primarily for “business” purposes: a) $2,500 on property while on the “described location”; and b) $500 on property while away from the “described location”. However, this special “limit” does not apply to electronic devices and accessories described in 3) and 4) above. These special “limits” include the cost of research or other expenses necessary to reproduce, replace, or restore “business” data. 9) Subject to 3)b) under Personal Property Not Covered, $7,500 on “motorized vehicles” unless a higher limit is shown in the “declarations”.

Limitations on Certain Property. The special “limits” shown below do not increase the Coverage C “limit”. The “limit” for each class is the total “limit” per “occurrence” for all items in that class. 1) $250 unless a higher “limit” is shown on the “declarations” on money; bank notes; bullion; gold other than goldware and gold-plated warexxxx; silver other than silverware and silver-plated warexxxx; platinum other than platinumware or platinum-plated warexxxx; coins; medals; scrip; smart cards; and cards or other devices on which a cash value is stored electronically. 2) $1,500 unless a higher “limit” is shown on the “declarations” on securities, stamps, letters of credit, notes other than bank notes, personal records, tickets, accounts, deeds, evidence of debt, passports, and manuscripts. This special “limit” applies regardless of the medium on which these items exist, and includes the cost of research or other expenses necessary to reproduce, replace, or restore the item. 3) $1,500 unless a higher “limit” is shown on the “declarations” on electronic devices and accessories while in or on a “motorized vehicle” or “watercraft”, if the device can be operated from the electrical system of the “motorized vehicle” or “watercraft” and by another source of power. Accessories include antennas, films, tapes, wires, discs, records, or other media that can be used with such devices. 4) $1,500 unless a higher “limit” is shown on the “declarations” on electronic devices and accessories used primarily for “business” purposes while away from the “described location” and not in or on a “motorized vehicle” or “watercraft”, if the device can be operated from the electrical system of a “motorized vehicle” or “watercraft” and by another source of power. Accessories include antennas, films, tapes, wires, discs, records, or other media that can be used with such devices. 5) $1,500 on “watercraft” including their furnishings, equipment, engines, motors, trailers, and semitrailers. However, this does not apply to: a) model watercraft that is not designed or used to carry people or cargo; or b) “hovercraft”. 6) $1,500 on trailers and semitrailers, other than trailers and semitrailers designed for or used with “watercraft”. 7) For loss by theft, misplacing, or losing: a) $2,500 unless a higher “limit” is shown on the “declarations” on jewelry, watches, precious and semiprecious stones, gems, and furs. If a higher “limit” is shown on in the “declarations”, “we” will not pay more than $1,000 for any one article; b) $2,500 unless a higher “limit” is shown on the “declarations” on silverware, goldware, platinumware, pewterware, and items plated with gold, silver, or platinum; and c) $2,500 unless a higher “limit” is shown on the “declarations” on guns and items related to guns. 8) For loss to personal property used primarily for “business” purposes: a) $2,500 on property while on the “described location”; and b) $500 on property while away from the “described location”. However, this special “limit” does not apply to electronic devices and accessories described in 3) and 4) above. These special “limits” include the cost of research or other expenses necessary to reproduce, replace, or restore “business” data. 9) Subject to 3)b) under Personal Property Not Covered, $7,500 on “motorized vehicles” unless a higher limit is shown in the “declarations”.