what is specific limit
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Explanation:
ᴀ sᴘᴇᴄɪғɪᴄ ʟɪᴍɪᴛ ᴀᴘᴘʟɪᴇs ᴛᴏ ᴀ ʙᴜɪʟᴅɪɴɢ ᴏʀ ᴘᴇʀsᴏɴᴀʟ ᴘʀᴏᴘᴇʀᴛʏ ᴀᴛ ᴀ sɪɴɢʟᴇ ʟᴏᴄᴀᴛɪᴏɴ. ɪғ ᴛʜᴀᴛ ᴘʀᴏᴘᴇʀᴛʏ ɪs ᴅᴀᴍᴀɢᴇᴅ ᴏʀ ᴅᴇsᴛʀᴏʏᴇᴅ ʙʏ ᴀ ᴄᴏᴠᴇʀᴇᴅ ᴘᴇʀɪʟ, ᴛʜᴇ sᴘᴇᴄɪғɪᴄ ʟɪᴍɪᴛ ɪs ᴛʜᴇ ᴍᴏsᴛ ᴛʜᴇ ɪɴsᴜʀᴇʀ ᴡɪʟʟ ᴘᴀʏ ᴛᴏ ʀᴇᴘᴀɪʀ ᴏʀ ʀᴇᴘʟᴀᴄᴇ ɪᴛ.
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Answer:
specific limit applies to a building or personal property at a single location. If that property is damaged or destroyed by a covered peril, the specific limit is the most the insurer will pay to repair or replace it.
Explanation:
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