basic coverage limit |
|
Definition
Lowest amount of coverage for which an insurance policy can be written, as prescribed in the insurance legislation or as set by the insurance company.
email to a friend
print this definition
cite this definition
link to this page
basic coverage limit is in the Corporate, Commercial, & General Law and General, Marine, & Life Insurance subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/basic-coverage-limit.html