The basic amounts of indemnityA contract, express or implied, to repay in the event of a loss. Insured neither gains nor loses. More provided under a liability policyLegally binding contract effecting insurance or certificates thereof, including all clauses, riders, endorsements and renewals. More or the liability section of a policyLegally binding contract effecting insurance or certificates thereof, including all clauses, riders, endorsements and renewals. More. These limits can be increased by agreement, with an additional percentage charge.