An American expression denoting the amount for which the Insurer is liable under the policy.
An American expression denoting the amount for which the Insurer is liable under the policy.
The maximum amount of money that an insurance company (or self-insured company) will pay for claims within a specific time period. Maximum dollar limits vary greatly. They may be based on or specified in terms of types of illnesses or types of services. Sometimes they are specified in terms of lifetime or sometimes for a year.