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Definitions for "Basic Limits"
Keywords:  minimum, liability, customary, lowest, coverage
Related Terms: Liability limits, Basic limits of liability, Limits of liability, Limit of liability, Umbrella liability insurance, Umbrella liability, Umbrella liability policy, General aggregate limit, Excess liability insurance, Umbrella , Umbrella coverage, Aggregate limit, Umbrella policy, Full coverage, Policy limit, Medical payments insurance, Underinsurance, Excess insurance, Retention limit, Aggregate , Claims-made policy, Limited policy, All-risk, Homeowners policy, Loss, Commercial general liability policy, Occurrence policy, Contribution, Aviation insurance, Self-insured retention, Limits, All-risks policy, All risk coverage, Insurance, Home owners insurance, All risks, Named perils policy, Other insurance, Casualty insurance, Supplementary payments, Single limit, Occurrence coverage, Occurrence form, Personal auto policy, Primary insurance, Mbi, Insuring clause, Under-insurance, Insurer, Deductible clause
Certain minimum amounts of liability in liability insurance (determined by custom or laws), for which "basic" premiums apply. Additional amounts of liability insurance are charged for by the addition of certain percentages of the premium charged for the minimum limits.
ebix.com
The minimum limits of liability that may be purchased by an insured.
conning.com
state mandated minimum amounts of liability coverage to be provided by insurance. Many consumers feel more comfortable purchasing higher limits of coverage.
deltoroinsurance.com
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