What does Rolling Total mean? Read on to discover the definition & meaning of the term Rolling Total - to help you better understand the language used in insurance policies.
Relates to pure extra expense coverage provided in the CP 00 50 (Extra Expense Coverage Form). The insured chooses a rolling total payout percentage, meaning that the insured has access to progressively higher percentages of the total limit during each 30 day period.
We hope the you have a better understanding of the meaning of Rolling Total.