What does Policy Maximum mean? Read on to discover the definition & meaning of the term Policy Maximum - to help you better understand the language used in insurance policies.
A policy maximum is the maximum amount that the insurance policy will pay for covered services or expenses. This amount differs for every plan, and it may be an annual limit, per term period, per incident like injury or illness, or it could be a lifetime maximum.
We hope the you have a better understanding of the meaning of Policy Maximum.