Blanket Limit

Blanket Limit

The maximum amount of money an insurance company will pay out in claims on all policies in a geographic area. That is, the limit on all policies that a company underwrites in a given area cannot exceed the blanket limit.
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However, during the consultation process held earlier this year, 450 people living in the town announced their opposition to the plans, saying the blanket limit was unnecessary.
The report describes two options, with one recommending the introduction of limits only in places with a proven need, and the other recommending a blanket limit for all schools which meet the criteria.
Birmingham City Council, under its "20 is plenty" policy, wants to put the blanket limit on 90 per cent of the city's streets - residential and side roads - with just signs and road markings to enforce the new lower speed limit.
For example, under a commercial property policy with a $200 million blanket limit applicable to loss from all other causes, there may be a $100,000 sublimit on coverage for loss from flood, a $500,000 sublimit on loss from earthquake and a debris removal sublimit of 25 percent of the direct-damage loss amount.
The bank has put together a suite of products to cater to SME clients, notably sub-contractor finance, LPO finance, Blanket Limit finance, TASDEER (Pre- Shipment, Post-Shipment and Forfaiting finance) and factoring products.
The blanket limit also automatically includes ten important coverages: accounts receivable; consequential loss of stock; deferred payments; electronic data processing equipment; fine arts; personal effects; outdoor property; valuable papers and fire department service charge & equipment recharge
As regards the 20mph blanket limit in Portsmouth claimed by Clr Stanfield to have led to a 7% decrease in accidents - well, the jury's still out.
That might include a sliding scale of health warnings replacing the current blanket limit, because people need facts to make informed choices.
HB 2871would impose the kind of blanket limit on interest rates that Oregon had until 1981, when it joined other states across the country in scrapping interest rate limits.
Rail chiefs in the region imposed the blanket limit because of the weather conditions, which caused serious disruption to services between Birmingham and London.
Villaraigosa told the neighborhood leaders that he would not support a blanket limit on development, but said he would consult with them and neighborhood councils on proposed developments early and make sure all environmental studies are performed.
The Daily Post asks: Should there be a blanket limit on the amount of credit we can get?