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  2. Increased limit factor - Wikipedia

    en.wikipedia.org/wiki/Increased_limit_factor

    In order to price policies with high limits of insurance adequately, actuaries may first determine a "basic limit" premium and then apply increased limits factors. The basic limit is a lower limit of liability under which there is a more credible amount of data. [2] For example, basic limit loss costs or rates may be calculated for many ...

  3. How to read an auto insurance policy

    www.aol.com/finance/read-auto-insurance-policy...

    Understanding your car insurance liability limits. Almost every state in the U.S. requires you to have liability coverage.This essential coverage pays for injuries or damage sustained by the other ...

  4. How does auto liability work?

    www.aol.com/finance/does-auto-liability...

    Generally, this includes bodily injury coverage and property damage coverage.Each coverage has limits for different costs. Most states have minimum insurance coverage requirements you must buy to ...

  5. What is full-coverage car insurance? - AOL

    www.aol.com/finance/full-coverage-car-insurance...

    What full-coverage car insurance includes. A full-coverage auto insurance policy combines three key protections — liability, comprehensive and collision coverage — into one complete package.

  6. Insurance policy - Wikipedia

    en.wikipedia.org/wiki/Insurance_policy

    Subject to the "fortuity principle", the event must be uncertain. The uncertainty can be either as to when the event will happen (e.g. in a life insurance policy, the time of the insured's death is uncertain) or as to if it will happen at all (e.g. in a fire insurance policy, whether or not a fire will occur at all). [4]

  7. Umbrella insurance - Wikipedia

    en.wikipedia.org/wiki/Umbrella_insurance

    Excess insurance is similar to umbrella insurance in that it pays after an underlying primary policy is exhausted. The critical difference is that excess policies are normally "follow form" policies that conform exactly to the coverage of the underlying policy, except that they add on their own excess limit which is then stacked on top of the primary policy's limit.

  8. What are the different types of car insurance coverage? - AOL

    www.aol.com/finance/different-types-car...

    For liability coverage, most insurance professionals advise that you purchase limits higher than state minimum levels to protect yourself against financial strain in the event of an at-fault accident.

  9. Professional liability insurance - Wikipedia

    en.wikipedia.org/wiki/Professional_liability...

    The policy limit is how much the insurance company will spend to defend covered claims. Limits are written with the per occurrence limit first and then the aggregate limit per policy period. The per policy limit is how much the company will spend on each claim and the aggregate is the limit of how much will be spent per policy period across ...