Block Limits
Definition of "Block limits"
Total amount of insurance that an insurer will write on any specific city block. Such a limit will reduce the insurer's exposure to a potential catastrophic occurrence, such as a hurricane, tornado, or fire, which could destroy the entire block.
Popular Insurance Terms
Written form which has precisely the same terms as the other property insurance policies covering a particular property. ...
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Statement showing the amount of money owed the agent by the insurance company, according to the contract he or she has with the insurance company. ...
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