MetaGlossary.com: Policy Limit

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Keywords: Dollar, Coverage, Maximum, Preexisting, Perils

Related Terms: Life Insurance, Guaranteed Renewable, Face Amount, Excess Insurance, Assured, Cancellation, Coverage, Insurance Premium, Retention Limit, Premiums, Underinsurance, Insured, Paid-Up Policy, Automatic Reinstatement, Limited Policy, Sum Insured, Declarations, Declarations Page, Sum Assured, Minimum Premium, Aggregate Limit, Limits Of Liability, Claims-Made Policy, General Insurance, Primary Insurance, Limit Of Liability, Umbrella Liability Policy, Limitations, Aggregate Indemnity, Declaration, Umbrella Policy, Guaranteed Insurability, Guaranteed Insurability Rider, Guaranteed Renewable Policy, Life Insurance Policy, Cancelable, Other Insurance Clause, Paid-Up Insurance, Basic Limits, Declination, Umbrella Coverage, Liberalization Clause, Continuously Insured, Uninsurable, Named Peril Policy, Insurance Coverage, Aggregate , Cover, Declaration Page, Provisions

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Maximum lifetime benefit of a given insurance policy; often $1 million, although some policies have no limit.

http://www.fxwords.com/p/policy-limit.html

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The maximum dollar amount that an Insurance Company agrees to pay for a loss on covered perils. (See also, Limit of Coverage.)

http://www.bedfordgrangemutual.com/glossaryP.php

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The maximum dollar amount of coverage provided by an insurance company for a certain policy.

http://www.getfolio.com/glossary_finance/p8.asp

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The policy limit is the dollar amount of coverage shown in the contract.

http://contractorsinsurance.org/glossary.htm

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Maximum sum the insurance company will pay on that policy for which the business becomes legally obligated to pay.

http://hunterfredric.com/InsTerms.htm

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The highest dollar amount that an insurance policy will pay. Preexisting Condition Clause- Language in a health insurance policy stating that medical conditions existing at the time that the policy is purchased will not be covered for a specified time period.

http://www.rce.rutgers.edu/healthfinance/glossary.asp

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Maximum amount the insurance company will pay for a particular loss, or for losses sustained during a period of time. Also called limit of coverage, limit of insurance and limit of liability.

http://www.sauconmutual.com/glossary4.html

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The maximum amount which the insurance company is obligated to pay under the terms of an insurance policy. The limit can be either for the entire policy or for a specific coverage.

http://www.uspallc.com/glossary.php

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The maximum amount a policy will pay, either overall or under a particular coverage.

http://njdobi.org/om_gloss.htm

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The most money the insurance company agrees to pay for a specific loss.

http://www.usaaedfoundation.com/insurance/ins_home_glossary.asp

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The maximum that the insurance company is obligated to pay in actual claims under an insurance policy. Certain additional costs may also need to be paid.

http://federated.ca/gloss/p.htm

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