Policy limit


 

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Policy limit

The maximum dollar amount of coverage provided by an insurance company for a certain policy.



Policy limit

Similar Matches

Blanket insurance policy

Blanket insurance policy

A policy that covers more than one person or piece of property.


Homeowners insurance policy

Homeowners insurance policy

An insurance policy protecting a homeowner against damage or loss to property.


Policyholder

Policyholder

An individual who owns an insurance policy.


Policy document

Policy document

The document which forms the contract between the insured, that is, the person taking out insurance and the insurer (the insurance company).


Collection policy

Collection policy

Procedures a firm follows in attempting to collect accounts receivables.


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