Blanket Limit

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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, the setting of blanket limits on anything other than a trunk road will simply clog the roads, frustrate motorists, and cause them to break unrealistic limits.
Apart from improving works in progress coverage for jewellery, with limits up to $100,000 for supplies, labor and non-recoverable deposits, the company has also increased blanket limits to $50,000 per item for jewellery, fine arts, stamps, coins and collectibles and $5,000 per bottle for wine.
Contingent product recall coverage for expenses associated with the failure of a supplier to indemnify the insured for product recall expense -- Blanket limits for property, business interruption and stock -- 365 days of extended period of indemnity -- Earthquake sprinkler leakage coverage -- Marrying of the general liability and errors & omission policy around professional liability
The former conservative government started the intervention in the Northern Territory last June, sending in police and the military, imposing restrictions on welfare payments and placing blanket limits on alcohol sales.
Motoring group AA made the findings and are now warning against 20mph blanket limits being proposed by some cities.
Talks have already taken place between the council and Northumbria Police, but Chief Supt Bob Pattison said: "We have expressed concern about new blanket limits.
The calls for a revision of the official safety standards comes as the European Commission prepares to introduce a new law for baby food, which will set blanket limits on all pesticides, regardless of their toxicity.
Ever-changing building codes, hidden language in vacancy clauses, and blanket limits on multiple buildings are just a handful of the challenges building owners face when attempting to insure all exposures, said Zurich, a leading property and casualty insurer globally and in North America.
The Hartford has further enhanced its tailored industry-specific Super Stretches by providing blanket limits of $250,000 or $350,000 (depending on the industry) that can be applied to six coverages as needed, including: Computers and Media (hardware and software), Debris Removal, Personal Property of Others, Temperature Change, Accounts Receivable and Valuable Papers & Records.
It is ridiculous to have blanket limits that take no account of the traffic conditions prevailing at differing times of the day.