What does Scheduled Limits mean? Read on to discover the definition & meaning of the term Scheduled Limits - to help you better understand the language used in insurance policies.
Separate property insurance limits that apply to each type of covered property interest (building, personal property, business income, etc.) at each covered location. Contrasts with blanket limits that apply over more than one covered property interest or more than one location or both. Also called "specific limits." This is in contrast to a blanket limit, which is a single limit of insurance that applies over more than one location, more than one type of property, or both.
We hope the you have a better understanding of the meaning of Scheduled Limits.