What does Sublimits mean? Read on to discover the definition & meaning of the term Sublimits - to help you better understand the language used in insurance policies.
Sublimits are extra limitations in an insurance policy's coverage of certain losses. They are part of the original limit. That is, they do not provide extra coverage, but set a maximum to cover a specific loss. Sublimits can be expressed as a dollar amount or as a percentage of the coverage available.
We hope the you have a better understanding of the meaning of Sublimits.