What Does Specific Loss Limit Mean?

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What does Specific Loss Limit mean? Read on to discover the definition & meaning of the term Specific Loss Limit - to help you better understand the language used in insurance policies.

Specific Loss Limit

Specific Loss Limit

The amount of risk retained by an insured or an insurer on a per occurrence basis.

We hope the you have a better understanding of the meaning of Specific Loss Limit.

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