Common use of LIMIT OF COVERAGE Clause in Contracts

LIMIT OF COVERAGE. You must determine the amount of coverage needed and maintain written records to support the amount of insurance requested. The most DOAS will pay for any one covered loss; casualty or disaster under Inland Marine Coverage is the lesser of, the applicable Inland Marine Amount(s) shown in the All Risk Certificate or $50,000. Should a covered loss under Inland Marine Coverage, arising from any one loss, casualty or disaster exceed $50,000, then the policy provisions contained in the commercial excess inland marine insurance policy purchased by DOAS will dictate any additional limits of coverage available at the time of loss.