Common use of Loss Settlement Clause in Contracts

Loss Settlement. We will pay up to the limit of insurance shown in the Declarations for this Collectibles Coverage. Payment for covered loss or damage will first be made under your Collectibles Coverage limit. Payment for any excess loss for this category of property may then be made from Blanket coverage.

Loss Settlement. We will pay up to the limit of insurance shown in the Declarations for this Collectibles Coverage. Payment for covered loss or damage will first be made under your Collectibles Coverage limit. Payment for any excess loss for this category of property may then be made from Blanket coverageFor an added premium, the following coverage is provided.