A single limit of insurance that applies over more than one location or more than one category of property coverage, or both. This is in contrast to specific or scheduled limits of insurance, which are separate limits that apply to each type of property at each location.
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In property Insurance, maximum amount which the Insurer will pay for any one loss to all items of property covered by, or ‘blanketed under’, a particular insuring agreement.
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Maximum amount of coverage that a company will write in a particular area.