per occurrence limitation of liability provision

A per occurrence limitation of liability provision is a nonstandard commercial property insurance provision that essentially converts blanket limits to specific, per location limits.

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This provision establishes that the most the insured can collect for a commercial property loss at a given location is the amount reported for that location on the insured's statement of values. It is sometimes used in combination with another nonstandard commercial property insurance provision: a margin clause. A margin clause softens the negative impact of the per occurrence limitation of liability provision by stipulating that the most the insured can collect for a loss at a given location is a specified percentage greater than 100 percent (such as 110 or 125 percent) of the values reported for that location.

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