Common use of Single Claim Limit Clause in Contracts

Single Claim Limit. Our liability with respect to any one Claim is limited to the cost to repair or replace any Covered Parts at prevailing retail labor rates. Repairs may be completed with parts of like, kind and quality, commensurate with the age of the Unit at the time the parts failed, as customarily used in the RV industry, less any Deductible. Furthermore, in no event shall Our liability exceed the cost necessary to correct the actual cause of the Breakdown.