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. a. $200 on money, bank notes, bullion, gold other than goldware and gold-plated ware, silver other than silverware and silver-plated ware, platinum, coins, and numismatic property. b. Regardless of their storage medium, $1,000 on securities, bills, letters of credit, notes other than bank notes, tickets, accounts, deeds, evidence of debt, passports, manuscripts, stamps, and philatelic property. c. $1,000 on watercraft including their trailers, furnishings, equipment, and motors. d. Business property, up to the amounts shown below: 1) $2,500 while on the insured premises; 2) $250 while away from the insured premises. e. $1,000 on trailers not otherwise provided for.

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. a. $200 on money, bank notes, bullion, gold other than goldware and gold-plated ware, silver other than silverware and silver-plated ware, platinum, coins, and numismatic property. b. Regardless of their storage medium, $1,000 on securities, bills, letters of credit, notes other than bank notes, tickets, accounts, deeds, evidence of debt, passports, manuscripts, stamps, and philatelic property. c. $1,000 on watercraft including their trailers, furnishings, equipment, and motors. d. Business property, up to the amounts shown below: 1) while on the insured premises, $2,500 while on business property that pertains to a business actually conducted on the insured premises; 2) $250 while away from the insured premises. e. $1,000 on trailers not otherwise provided for.