What does Retention Limit mean? Read on to discover the definition & meaning of the term Retention Limit - to help you better understand the language used in insurance policies.
maximum amount of medical and hospital expense an insurer will carry on its own. The limit can be for an individual claim and/or for the insurers total claims, depending upon the terms of the reinsurance contract.
We hope the you have a better understanding of the meaning of Retention Limit.