That usually means you have the state required liability limits and nothing more.
This is a term used with respect to property insurance, such as homeowners policies. It refers to the maximum amount that the insurer will pay for the repair or rebuilding of the structure. The corollary is "contents limits" which refers to the maximum that the insurer will pay for the contents of the house or other structure. Sometimes, the contents limits have sub-limits such that only a stated amount will be paid for a stated category of items, such as electronics.
Globe Life's insurance coverage limits depends on the type of policy you hold. Some life insurance, depending on the policy and person can cover upwards of $5 million!
FDIC only insures bank deposits. Insurance company obligations are insured to certain limits by state insurance guarantee boards. If you contact your state insurance department, they can provide you with the limits of that state's coverage.
The limits vary by state. Where are you?
Inheritance tax limits are basically limits of tax that the company has to pay from the inheritance of the dead. This would then regulate the inheritance rate from the life insurance.
what does mean marine insurance
There is no law or statute of limitations for filing insurance claims. The limits are set by the insurance policy, so read yours and see what the time limits are.
There are no laws or statute of limitations for filing insurance claims in most jurisdictions. The limits are set by the insurance policy, so read yours and see what the time limits are.
There is no time limit
There is no minimum. They can buy whatever insurance limits they want, or they can buy none at all.