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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We keep them on file, and then every six months or so when we review her policy, we make a determination if the current blanket limits of protection are still adequate.
He also stated that even agents cannot always distinguish between polices with blanket limits and policies with per-location limits.
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.
The drive came from our reinsurers who said, "We'll give you 18 months to start getting more transparency into locations, or else we won't be giving you blanket limits anymore.
The CP DS 65 allows for specific or blanket limits.
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.
It is ridiculous to have blanket limits that take no account of the traffic conditions prevailing at differing times of the day.