[M011]

manual excess

In liability insurance, rates and loss costs are based upon a standard or manual liability limit, usually $25,000. Should the insured request higher limits, the rates are increased by an increased limits factor, developed in table format to determine the additional charge that should be made to address the exposure of the higher limit. The portion of the additional premium that is charged above and beyond the basic or manual, for the purposes of a higher limit of insurance, is called the manual excess.

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