Common use of Exclusions and Restrictions Clause in Contracts

Exclusions and Restrictions. Under this insurance contract the Insurer shall not pay indemnification for any damage caused by deliberate action or for damage covered under the effective Hungarian legislation by the mandatory motor third party liability insurance policy covering the vehicle that caused the damage, regardless of whether the vehicle that caused the damage was or was not covered by such insurance. Nor shall the Insurer reimburse to the Insured Party causing damage any of its costs of legal representation, restitution or interests exceeding the reimbursement ceiling (limit).

Appears in 2 contracts

Sources: Insurance Contract, Insurance Contract