Common use of Our Limit of Liability Clause in Contracts

Our Limit of Liability. For loss to property, we pay the lesser of the following amounts: a. the applicable limit of liability; b. the amount of your interest in the property; c. the cost of repairing or replacing the property with materials of equivalent kind and quality to the extent practicable; d. the amount computed after applying the deductible or other limitation applicable to the loss; e. the actual cash value of the property at the time of loss (except as provided under the Replacement Cost Provision, if applicable); or f. (applies to mobile homes only at your option) the amount equal to the difference between the actual cash value of the property immediately before the loss and its actual cash value immediately after the loss.

Our Limit of Liability. For loss to property, we pay the lesser of the following amounts: a. 1) the applicable limit of liability; b. the 2) an amount of not greater then your interest in the property; c. 3) the cost of repairing or replacing the property with materials of equivalent kind and quality to the extent practicable; d. 4) the amount computed after applying the deductible or other limitation applicable to the loss; e. 5) the actual cash value of the property at the time of loss (except as provided under the Replacement Cost Provision, if applicable); or f. 6) (applies to mobile homes only at your option) the amount equal to the difference between the actual cash value of the property immediately before the loss and its actual cash value immediately after the loss.