Insurance Terms

Policy Limits

The maximum amount an insurance company will pay for a covered claim under an insurance policy.

In Personal Injury Cases

If your damages exceed the at-fault party's policy limits, you may need to pursue additional sources of recovery, such as your own underinsured motorist coverage or the defendant's personal assets.

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More Insurance Terms Terms

Insurance Claim Claims Adjuster Liability Insurance Bodily Injury Liability Uninsured Motorist Coverage Underinsured Motorist Coverage

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