Posts Tagged ‘Sub Limit’

Sub Limits on IAR/PAR Policies

Sub-Limits are imposed on IAR/PAR Policies to reduce the insurers liability for certain covers or to give extra extensions that are now very common included in the policy schedule   It is important that these be imposed for those type of perils or covers where it is inappropriate for the full policy limit(s) to apply. Remember that where no sub limit appears then the full sum insured is the limit.   Sub limits are now very common for the following covers:   Full story
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