Common use of LIMIT OF COVERAGE LIABILITY Clause in Contracts

LIMIT OF COVERAGE LIABILITY. Our Limit of Coverage Liability for Your Covered Product under this Agreement is the cost of authorized repairs, or replacement as determined by Us, with a product of similar features, provided however, in no event will Our total liability for repairs or replacement exceed Your purchase price for the Covered Product, excluding sales tax, diagnostic fees, delivery and installation costs. Upon replacement, there is no longer any obligation for the replaced product under this Agreement. SERVICE COSTS, TRIP CHARGES, BREAKDOWN CHARGES, INSPECTION FEES, DIAGNOSTIC FEES OR ESTIMATE CHARGES FOR REPAIRS NOT COVERED UNDER THIS AGREEMENT ARE YOUR RESPONSIBILITY.