A solar panelâs product warranty covers the integrity of the panel itself, and protects you against failures due to manufacturing defects, environmental issues, premature wear and tear, etc. As with most warranties, a longer period is generally more advantageous to you, if you own your solar panel system. When evaluating a solar panel warranty and its manufacturer, the two most important factors on which you should focus are: 1. Product (or materials) warranty, and. 2. The performance warranty.
New Illinois State Law â Increased Mandatory Liability Limits. Dear Illinois Policyholder: Effective January 1, 2015, the Illinois General Assembly has. enacted SB1898 that increases the minimum financial. responsibility liability insurance limits to $25,000 for bodily injury. to any person, $50,000 for bodily injury per accident and $20,000.
What is 'Aggregate Limit Of Liability' The aggregate limit of liability is the most an insurer is obligated to pay to an insured party during a specified period. The aggregate limit of liability is spelled out in the insurance contract and caps the amount of covered losses for which an insurer will pay. These limits are part of commercial and professional general liability insurance policies. BREAKING DOWN 'Aggregate Limit Of Liability' Insurance policies limit not only how much they will pay for a single incident, but the aggregate limit of liability is the limit for the entire policy term, which is typically one year.