Combined Single Limit | Insurance Glossary

Definition of "Combined single limit"

Bodily injury liability and property damage liability expressed as a single sum of coverage.

Value of a foregone opportunity, one rejected in favor of a presumably better opportunity. For examp ...

Same as term cape cod colonial house: Early American style 1 1/2 story house with a steep gable roof ...

Stated fixed payment for maternity costs regardless of the actual costs. ...

Date of issue of the policy. ...

Applications for insurance coverage that have been forwarded to an insurer but not yet processed. ...

See closed-end mortgage. ...

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

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