Examples of Limit of insurance in a sentence
In the event of a "Downtime Loss", we will pay reasonable and necessary expenses you incur to avoid further "Downtime Loss." The total of our payments for "Downtime Loss" and Ex- penses to Reduce Loss will not be more than the Downtime Loss would have been payable under this coverage form if the Expenses to Reduce Loss had not been incurred.This coverage does not increase the Down- time Loss Limit of insurance shown in the schedule above.
Our obligation to defend any claim or suit ends when the amount we pay for damages resulting from one act equals the Liability Limit of insurance shown on the Declarations Pages of the policy to which this endorsement is attached.
The Insurer is liable for the amount by which the loss or damage caused by any of the perils insured against exceeds the amount of the deductible specified on the Declarations Page(s) in any one Occurrence up to the Limit of insurance specified on the Declarations Page(s).
Subject to Section IV, above, the Insurer is liable for the amount by which the loss or damage caused by any of the perils insured against exceeds the amount of the deductible specified on the Declarations Page(s) in any one Occurrence up to the Limit of insurance specified on the Declarations Page(s).
The limit provided is included within the Businessowners Liability Limit of insurance.