What does Standard Limit mean? Read on to discover the definition & meaning of the term Standard Limit - to help you better understand the language used in insurance policies.
A standard limit is the maximum amount of coverage that a policyholder insured by a standard policy can get reimbursed in a policy period. The policyholder will be responsible for any amount that is greater than the amount covered by the standard limit.
We hope the you have a better understanding of the meaning of Standard Limit.