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Each occurence means that the liability limit of your policy doesn't have an accured limit. Every time you have an accident, the policy limits are available (i.e. each occurence).

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19y ago

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Which term refers to an annual occurrence?

In math, it is important to know what the terms in a word problem mean. The term yearly refers to something that has an annual occurrence.


How can occurrence be use in a sentence?

There was an occurrence of panic amongst the victims. An occurrence is like a happening. When something has occurred, there is an occurrence of that something.


What are the mean and median measures of?

The mean is the average value of the set. It is computed by adding all of the elements of the set, and then dividing that sum by the number of the items in the set.The median is the central, or middle, value in the set. It is computed by sorting the set and picking out the middle item or, if the number of items in the set is even, then by computing the mean of the middle two items.Not asked, but answered for completeness...The mode is the most probable value of the set. It is computed by plotting a distribution of the frequency of occurrence of each value in the set, and selecting the value, or values, with the highest occurrence in the set.


What does per instance mean?

"Per instance" refers to something that occurs or is calculated for each individual case or occurrence within a set. For example, in computing or data analysis, it may indicate that a certain process or charge applies to each individual instance of a data entry or object. Essentially, it emphasizes that the action or measurement is not cumulative but rather specific to each separate instance.


Does or mean to add or mulitply?

In probability, the probability of the occurrence of event A or event B is the sum of their probabilities only if they are mutually exclusive; not otherwise. So, by itself, "or" does not mean anything.