Policy Limit
Insurance Glossary
The maximum amount an insurer will pay under a coverage, stated per person, per claim, per occurrence or for the entire policy period. Costs above the limit fall to the policyholder. Auto liability is often written as split limits with separate caps for injuries per person, injuries per accident and property damage, while some policies use a single combined limit instead.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.
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