Image Image Image Image Image Image Image Image Image

21 May

By

Limits

May 21, 2014 | By |

Share This

An insurance coverage limit is selected by you at the time you purchase a policy. It describes the maximum an insurance company will pay for damages or injuries that apply to a specific coverage. Most states have laws that specify the minimum limit that must be purchased for each required insurance coverage.

Liability coverage limits can be described as a combined single limit (CSL) or as a split limit.

 

« Back to Glossary Index