TheaMusic4341 TheaMusic4341
  • 26-08-2020
  • Business
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Provision encourages the insured to maintain a certain limit of insurance?

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topeadeniran2 topeadeniran2
  • 29-08-2020

Answer: Limits of liability

Explanation:

Limits of liability is the provision that encourages the insured to maintain a certain limit of insurance.

Limit of liability is the maximum amount of money that an insurer will be responsible to pay in case something bad happens to the thing insured such as the individual or property. This is based on the contract between the insurer and the insured.

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