What does Combined Single Limit mean? Read on to discover the definition & meaning of the term Combined Single Limit - to help you better understand the language used in insurance policies.
Combined Single Limit
A combined single limit is a clause in an insurance property that states that coverage for all aspects of a claim is limited to a single amount. Whether there is property damage, injury to other persons, and so on, the single limit applies to the entire claim payout. This is commonly seen in property insurance.
We hope the you have a better understanding of the meaning of Combined Single Limit.