Amount Covered
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
The amount that is insured, and for which underwriters are liable for loss under a policy of insurance.
— It is limited by that specified in the policy to be insured, and this limit may be applied to an identical subject only, as a ship, a building, or a life;
— or to successive subjects, as successive cargoes on the same ship, or successive parcels of goods transmitl a certain canal or railroad duriug a specified period: and it. may also be limited by the terms of the contract to a certain proportion, as a quarter, half, etc., of the value of the subject or interest on which the insurance is made; Jackson v. Ins. Co., 16 B. Monr. (Ky.) 242; Estabrook v. Smith, (i Gray (Mass.) 574, G6 Am. Dec. 443; Louisiana Mut. Ins. Co. v. Ins. Co., 13 La. Ann. 24G; Cushman v. Ins. Co., 34 Me. 4S7; 39 Eng. L. & Eq. 228.