What Does Difference In Limits Policy Mean?

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What does Difference In Limits Policy mean? Read on to discover the definition & meaning of the term Difference In Limits Policy - to help you better understand the language used in insurance policies.

Difference In Limits Policy

Difference In Limits Policy

A type of difference-in-conditions (DIC) insurance policy or clause within a DIC policy that may reimburse additional expenses greater than the limit established in the standard insurance policy. For example, if a standard policy reimburses $1 million for a flood damage claim, the DIL policy may pay up to an additional $5 million.

We hope the you have a better understanding of the meaning of Difference In Limits Policy.

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