Common use of Insurable Interest and Limit of Liability Clause in Contracts

Insurable Interest and Limit of Liability. Even if more than one person has an insurable interest in the property covered, we will not be liable in any one loss: ▪ To an "insured" for more than the amount of such "insured's" interest at the time of loss; or ▪ For more than the applicable amount of insurance.