What is LIABILITY LIMITS?

A liability insurance policy’s maximum benefit available payout.

More On This Topic
  1. Five Things to Know About Proving a Product Liability Claim
  2. What Does Auto Liability Insurance Cover?
  3. Three Conditions Required For Respondeat Superior
  4. What Does Fed OASDI/EE Mean on a Paycheck?
  5. How To Change Ownership Of A Limited Liability Company
  6. What Is My Tax Liability on a $250,000 Life Insurance Policy?
  7. Understanding Section 79 Plans With Permanent Life Insurance
  8. How Long Does My Insurance Have to Pay Out My Claim After We’ve Agreed on a Price?
  9. How Will Owning a Pit Bull Affect My Homeowner’s Insurance Rates?
  10. Can You Borrow Against a Term Life Insurance Policy?

Related Legal Terms
BASIC LIMITS OF LIABILITY, LIMITS, Per Person Limits, AGGREGATE LIMITS, AGGREGATE LIABILITY, Per-Occurrence Limits, UMBRELLA LIABILITY COVERAGE, STACKING OF LIMITS, BLOCK LIMITS, COMPREHENSIVE GENERAL LIABILITY INSURANCE (CGL)


Link to This Definition
Did you find this definition of LIABILITY LIMITS helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary