What does Liability Limits mean? Read on to discover the definition & meaning of the term Liability Limits - to help you better understand the language used in insurance policies.
Liability limits refer to the maximum amount a liability insurance company would pay for a single claim. For any claim above that amount, the policyholder would have to cover it out of pocket or rely on other liability insurance, such as an umbrella policy.
We hope the you have a better understanding of the meaning of Liability Limits.