What Does Limitation of Risk Mean?

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

Limitation of Risk

Limitation of Risk

The maximum amount an insurer or reinsurer can be obligated to pay in any one loss event.

We hope the you have a better understanding of the meaning of Limitation of Risk.

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