Common use of Single Claim Limit Clause in Contracts

Single Claim Limit. OUR liability with respect to any one CLAIM is limited to the approved cost to repair or replace any COVERED PARTS using the approved retail labor rate and the listed labor time from a nationally recognized labor time guide (i.e., Motors Guide or All-data), less any DEDUCTIBLE. Repairs may be completed with parts of like kind and quality, commensurate with the age and odometer reading of the VEHICLE at the time the part(s) failed. Parts replacement may include new parts, or parts of like kind and quality, which may include serviceable, used parts or remanufactured parts, as customarily used in the automobile industry. In all cases parts replacement cost shall not exceed the manufacturer’s suggested retail price. In no event shall OUR liability exceed the approved cost necessary to correct the actual cause of the BREAKDOWN, or the trade-in value of YOUR VEHICLE at the time of said CLAIM as listed in the current National Automobile Dealers Associations Used Car Guide (NADA).

Single Claim Limit. OUR liability with respect to any one CLAIM is limited to the approved cost to repair or replace any COVERED PARTS using the approved retail labor rate and the listed labor time from a nationally recognized labor time guide (i.e., Motors Guide or All-dataData), less any DEDUCTIBLE. Repairs may be completed with parts of like kind and quality, commensurate with the age and odometer reading of the VEHICLE at the time the part(s) failed. Parts replacement may include new parts, or parts of like kind and quality, which may include serviceable, used parts or remanufactured parts, as customarily used in the automobile industry. In all cases parts replacement cost shall not exceed the manufacturer’s suggested retail price. In no event shall OUR liability exceed the approved cost necessary to correct the actual cause of the BREAKDOWN, or the trade-in value of YOUR VEHICLE at the time of said CLAIM as listed in the current National Automobile Dealers Associations Used Car Guide (NADA).