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Insurance Glossary S

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Schedule

List of items on a policy declaration, sometimes also showing descriptions and values.

 
Special form

In contrast to the named perils forms in property insurance, those forms that list specific perils for coverage, the special form contract covers simply risk of direct physical loss, relying on exclusions to delimit an define the protection intended. 

 
Split limits

As in auto insurance, where rather than one liability amount applying on a per-accident basis, separate amounts apply to bodily injury and property damage liability.

 

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