What Does Limit Mean?

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What does Limit mean? Read on to discover the definition & meaning of the term Limit - to help you better understand the language used in insurance policies.

Limit

Limit

The total amount of losses to be paid under an insurance policy or reinsurance agreement, expressed either on a per occurrence basis (e.g., per accident or event) or on an aggregate basis (e.g., all losses under a single policy, or for all policies during an underwriting period).

We hope the you have a better understanding of the meaning of Limit.

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