Common use of Coverage Limit Clause in Contracts

Coverage Limit. Unless a higher "limit" for this coverage is shown on the "declarations", the most "we" pay for each described premises is $10,000 for the sum of all such expenses arising out of a covered peril occurring during each separate 12 month period of this policy.

Coverage Limit. Unless a higher "limit" for this additional coverage is shown on the "declarations", the most "we" pay for each "described premises premises" is $10,000 for the sum of all such expenses arising out of a covered peril insured against occurring during each separate 12 12-month period of this policy.