What does Contribution By Limits mean? Read on to discover the definition & meaning of the term Contribution By Limits - to help you better understand the language used in insurance policies.
Contribution By Limits
A method of apportioning loss among multiple insurers. Under contribution by limits, any participating insurer's share of the total loss is the percentage of that loss that the insurer's policy limit represents as part of all insurers' applicable limits.
We hope the you have a better understanding of the meaning of Contribution By Limits.