What does Scheduled Limit mean? Read on to discover the definition & meaning of the term Scheduled Limit - to help you better understand the language used in insurance policies.
A scheduled limit is a type of insurance coverage limit in which each individual property or asset has a specified limit of coverage. This is an alternative to blanket limits, in which one total limit may be used for multiple properties. This type of coverage limit is often used in property insurance.
We hope the you have a better understanding of the meaning of Scheduled Limit.