Common use of LIMIT OF LIABILITY Clause in Contracts

LIMIT OF LIABILITY. We will pay no more than the limit of liability shown for this coverage on the Declarations to or for each insured person as the result of any one accident, regardless of the number of premiums or vehicles listed on the Declarations, insured persons, claims, claimants, policies, or vehicles involved in the accident. Any amount paid or payable under this coverage to or for an insured person will be reduced by any payment made to that person under Part A Liability Coverage or Part C Uninsured/Underinsured Motorists Coverage of this policy. We will make no payment under this Part of the policy unless the insured person or the insured person’s legal representative agrees in writing that any payment shall be applied toward any settlement or judgment that person receives under the Liability, Uninsured Motorist, or Underinsured Motorist coverages of this policy. In no event will an insured person be entitled to receive duplicate payments for the same element of loss. Any payment we make under this Part to an insured person shall be excess over any:

LIMIT OF LIABILITY. We will pay no more than the limit of liability shown for this coverage on the Declarations to or for each insured person as the result of any one accident, regardless of the number of premiums or vehicles listed on the Declarations, insured persons, claims, claimants, policies, or vehicles involved in the accident. Any amount paid or payable under this coverage to or for an insured person will personwill be reduced by any payment made to that person under Part A Liability Coverage or Part C Uninsured/Underinsured Motorists Coverage of this policy. We will make no payment under this Part of the policy unless the insured person or the insured person’s legal representative agrees in writing that any payment shall be applied toward any settlement or judgment that person receives under the underthe Liability, Uninsured Motorist, or Underinsured Motorist coverages of this policy. In no event will an insured person be entitled to receive duplicate payments for the same element of loss. Any payment we make under this Part to an insured person shall be excess over any: