<p>When more than one party comprises &quot;The Insured&quot;, each of the parties shall, for the purpose of this Policy, be considered as a separate and distinct unit and the word &quot;The Insured&quot; shall be considered as applying to each of the said parties as though a separate policy had been issued to each party provided nevertheless that nothing in this Clause shall be deemed to increase the limit of Insurer&#39;s liability in respect of any loss or series of losses as stated herein.</p>
