Common use of TWO OR MORE BICYCLE Clause in Contracts

TWO OR MORE BICYCLE. (S) a) When two or more bicycles are described hereunder i. with respect to the use or operation of such described bicycles, each bicycle shall be deemed to be insured under a separate policy; ii. with respect to the use or operation of a bicycle not owned by the Insured, the limit of the Insurer’s liability shall not exceed the highest limit applicable to any one described bicycle; b) When the Insured owns two or more bicycles which are insured as described bicycles under two or more bicycle insurance policies, the limit of the Insurer under this Policy with respect to the use or operation of an bicycle not owned by the Insured shall not exceed the proportion that the highest limit applicable to any one bicycle described in this Policy bears to the sum of the highest limits applicable under each policy and in no event shall exceed such proportion of the highest limit applicable to any one bicycle under any policy; c) A bicycle and one or more bicycle carriers thereto shall be held to be one bicycle with respect to the limit(s) of liability under Section A and separate bicycles with respect to the limit(s) of liability, including deductible provisions, under Section C.