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once the limit is met there is in effect no more money to be paid on that policy period......some states allow 'stacking'' meaning if the limit is reached on the insurance policy that covers the car...you can then 'stack' the coverage you have on your vehicle (uninvolved car), if you have one....or many other vehicles.....if you are a minor check your parents policys...
I think you have two years to collect if you were cheated, but they have to pay immediately if you file the claim, and your policy covers it.
no there is no limit
It would be listed on your declaration page which is mailed to you at each renewal period. Listed first would be your Bodily Injury limits and under that would be your uninsured/underinsured liability if you have it.
It's an across the board Limit on that portion of your coverage. Instead of per occurrence and aggregate being different, they are both the same.
You would not be paid more than the limit on the policy you paid for.You would not be paid more than the limit on the policy you paid for.You would not be paid more than the limit on the policy you paid for.You would not be paid more than the limit on the policy you paid for.
I don't understand the question. You have no option to keep or give away coverages. This applies to uninsured motorist as well as any other coverage. Generally UM coverage is split limits and specify a limit per person and a limit per accident for bodily interest and another section that pays for physical damage for the vehicle. The claims adjustor will pay out the claims as they come in up to the limits on the policy.
return policy time limit for sams club
Read the Policy
Only up to the limits of the claim. You cannot collect two identical awards from both policies. (e.g.: If the award was for 110 thousand dollars but one policy only covered up to 100 thousand. The second policy would pay the extra 10 thousand that the first policy didn't cover, but you could not collect 110 thousand dollars from BOTH policies for the same incident.) Also - if it turns out you were covered simultaneously under the provisions of both policies, the companies might want to 'subrogate' to see which company would pay what amount.
A policy with aggregate limits will limit only the total amount that an insurance company will pay out for all claims during a specific policy period. It sets a maximum limit for all claims combined, rather than a specific limit for each individual claim. Once the aggregate limit is reached, the policy will no longer provide coverage for any further claims.
A motorist is expected not to drive faster than the speed limit on the sign until the school has been passed.