Limit Clause For Insurance
Description
How to fill out Contract With Consultant As Self-Employed Independent Contractor With Limitation Of Liability Clause?
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FAQ
A car insurance policy with 250/500/250 means it covers up to $250,000 per person and $500,000 per accident for bodily injury liability and up to $250,000 per accident for property damage liability.
Liability coverage limits on car insurance are typically shown as three separate numbers. If you carry auto insurance with liability coverage limits of $50,000/$100,000/$30,000, those numbers are broken down as follows: $50,000: The maximum amount your insurer will pay for bodily injuries per person.
Auto Liability Coverage limits can be written out in three numbers, such as 100/300/50. This means you have a $100,000 limit per person for bodily injury in an accident, a $300,000 total limit per accident for bodily injury, and a $50,000 limit per accident for Property Damage.
A limit is the highest amount your insurer will pay for a claim that your insurance policy covers. Think of it this way: It's like filling up a fishbowl. If you file a covered claim, your insurance policy will pay up to a certain amount. You're responsible for any expenses that exceed the limit.
A limit is the highest amount your insurer will pay for a claim that your insurance policy covers.