Common use of Specific Limits of Insurance Clause in Contracts

Specific Limits of Insurance. The following categories of personal property are subject to the specific limits of insurance shown below for any insured peril. These are the total limits for all property included in each category. These limits do not increase the limit of insurance shown on the Declarations page for Personal Property. $ 1,000 for money, bank notes and bullion; $10,000 for securities. (This limitation does not apply when this property is located in a bank vault or bank safe deposit box.); $ 5,000 for manuscripts; $ 5,000 for watercraft, including equipment, furnishings and outboard motors; $ 5,000 for computer software and information stored in memory or media. However, loss or damage caused by programming error or by incorrect instruction to the computer is not covered. (For business computer data refer to “Property Not Covered” f.); $ 2,500 for animals, birds or fish, but we do not cover loss by theft, disappearance, impact by aircraft and land vehicle, death by disease or natural causes.; $ 5,000 for golf carts you or a family member own $10,000 for property pertaining to a business and only while on your residence premises. However, if business property is used by you in the pursuit of an incidental business (secondary or side-line occupation) which conforms to municipal, provincial and federal laws, conducted from your premises, in such instance we will pay up to $20,000 for a covered loss to this business property, merchandise and equipment, including business data stored in a computer. However, loss or damage caused by programming error or by incorrect instruction to the computer is not covered. This coverage applies both on and outside your residence premises. The following categories of personal property are subject to the specific limits of insurance shown below but only for property which is lost, stolen or misplaced. These are the total limits for all property included in each category. These limits do not increase the limit of insurance shown on the Declarations page for Personal Property. $ 5,000 for coin collections, including numismatic property. (This limitation does not apply when this property is located in a bank vault or bank safe deposit box.); $ 5,000 for stamp collections, including philatelic property. (This limitation does not apply when this property is located in a bank vault or bank safe deposit box.); $10,000 for fur garments and garments trimmed with fur; $25,000 for jewellery, watches, precious and semi-precious stones; subject to $25,000 any one item; $20,000 for silverware, silverplated ware, goldware, goldplated ware and pewterware;

Specific Limits of Insurance. The following categories of personal property are subject to the specific limits of insurance shown below for any insured peril. These are the total limits for all property included in each category. These limits do not increase the limit of insurance shown on the Declarations page for Personal Property. $ 1,000 for money, bank notes and bullion; $10,000 for securities. (This limitation does not apply when this property is located in a bank vault or bank safe deposit box.); $ 5,000 for manuscripts; $ 5,000 3,500 for watercraft, including equipment, furnishings and outboard motors; $ 5,000 for computer software and information stored in memory or media. However, loss or damage caused by programming error or by incorrect instruction to the computer is not covered. (For business computer data refer to “Property Not Covered” f.); $ 2,500 for animals, birds or fish, but we do not cover loss by theft, disappearance, impact by aircraft and land vehicle, death by disease or natural causes.; $ 5,000 for golf carts you or a family member own $10,000 $ 5,000 for property pertaining to a business and only while on your residence premises. However, if business property is used by you in the pursuit of an incidental business (secondary or side-line occupation) which conforms to municipal, provincial and federal laws, conducted from your premises, in such instance we will pay up to $20,000 10,000 for a covered loss to this business property, merchandise and equipment, including business data stored in a computer. However, loss or damage caused by programming programm ing error or by incorrect instruction to the computer is not covered. This coverage applies both on and outside your residence premises. The following categories of personal property are subject to the specific limits of insurance shown below but only for property which if the loss or damage is lost, stolen a direct result of theft or misplacedattempted theft or disappearance. These are the total limits for all property included in each category. These limits do not increase the limit of insurance shown on the Declarations page for Personal Property. $ 5,000 $1,000 in all for coin collectionscollections $2,000 in all stamp collections and manuscripts $2,500 in all card collections and comic collections $2,000 each bicycles, including numismatic tricycles, or unicycles that are propelled only by human power, their parts, equipment and accessories, inclusive of its parts, equipment and accessories. $7,500 in all books, tools and instruments pertaining to a business, business property. (This limitation does not apply when this , and samples and goods held for sale, only if loss or damage occurs while such property is located on your premises. We do not insure business records stored electronically or, in a bank vault any form or bank safe deposit box.); $ 5,000 for stamp collectionsformat, including philatelic propertybooks of account or evidences of debt or title. (This limitation does not apply when this property is located $7,500 in a bank vault or bank safe deposit box.); $10,000 for all jewellery, watches, gems, fur garments and garments trimmed with fur; fur $25,000 for jewellery5,000 in all securities We insure sporting equipment up to maximum of $5,000, watches, precious and semi-precious stones; subject to $25,000 any one item; $20,000 for silverware, silverplated ware, goldware, goldplated ware and pewterware;but not if the loss or damage is caused by its use.

Specific Limits of Insurance. The following categories of personal property are subject to the specific limits of insurance shown below for any insured peril. These are the total limits for all property included in each category. These limits do not increase the limit of insurance shown on the Declarations page for Personal Property. $ 1,000 for money, bank notes and bullion; $10,000 for securities. (This limitation does not apply when this property is located in a bank vault or bank safe deposit box.); $ 5,000 for manuscripts; $ 5,000 for watercraft, including equipment, furnishings and outboard motors; $ 5,000 for computer software and information stored in memory or media. However, loss or damage caused by programming error or by incorrect instruction to the computer is not covered. (For business computer data refer to “Property Not Covered” f.); $ 2,500 for animals, birds or fish, but we do not cover loss by theft, disappearance, impact by aircraft and land vehicle, death by disease or natural causes.; $ 5,000 for golf carts you or a family member own $10,000 for property pertaining to a business and only while on your residence premises. However, if business property is used by you in the pursuit of an incidental business (secondary or side-line occupation) which conforms to municipal, provincial and federal laws, conducted from your premises, in such instance we will pay up to $20,000 for a covered loss to this business property, merchandise and equipment, including business data stored in a computer. However, loss or damage caused by programming error or by incorrect instruction to the computer is not covered. This coverage applies both on and outside your residence premises. The following categories of personal property are subject to the specific limits of insurance shown below but only for property which is lost, stolen or misplaced. These are the total limits for all property included in each category. These limits do not increase the limit of insurance shown on the Declarations page for Personal Property. $ 5,000 for coin collections, including numismatic property. (This limitation does not apply when this property is located in a bank vault or bank safe deposit box.); $ 5,000 for stamp collections, including philatelic property. (This limitation does not apply when this property is located in a bank vault or bank safe deposit box.); $10,000 for fur garments and garments trimmed with fur; $25,000 10,000 for jewellery, watches, precious and semi-precious stones; subject to $25,000 10,000 any one item; $20,000 for silverware, silverplated ware, goldware, goldplated ware and pewterware;