Special Conditions and Limitations a. Co-Insurance Clause -- in the event of a loss to which the amount of insurance on a “vehicle” applies, the Insurer shall in no event be liable for a greater proportion of such loss than the amount of insurance on the “vehicle” involved bears to 100% of the valuation as provided in paragraph 11a) of the contents of the “vehicle” at the time such loss occurred. This Condition applies only to COVERAGES A & C of “Property” Insured Clause 2.
b. Reimbursement of Insurer -- should the Insurer pay a loss or losses in compliance with any special endorsement required by law or legal regulations in the continental United States of America (excluding Alaska) by the Interstate Commerce Commission or by any Public Service Commission, Public Utilities Commission, Corporation Commission or Railroad Commission for which it would not have been liable under the terms of the Policy, the Insured agrees to reimburse the Insurer to the full extent of such payments, plus any additional expense incurred in connection therewith.
c. Limitation -- in the event of loss by theft of furs and articles made principally of fur; liquors of alcoholic content greater than 10% by volume; tobacco and tobacco products; or any combination of these commodities the limit of liability of the Insurer shall not exceed $1,000 in any one loss unless this Form has been specifically endorsed to provide coverage for transportation of any of the articles describe in Special Conditions and Limitations C. If the policy has been endorsed to provide coverage for such articles, the insurer will indemnify the Insured up to an amount not exceeding the limit of insurance as specified on the “Declaration Page” in respect of any such “property”.
Special Conditions and Limitations
