Definition of «policy maximum»

The phrase "policy maximum" refers to the highest amount of money that an insurance company is willing to pay for a particular claim or policy. It is the limit that the company sets for coverage, and anything beyond that limit would not be covered by the insurance.

Sentences with «policy maximum»

With primary health insurance in the home country, it covers up to the chosen policy maximum for age below 65. (insubuy.com)
If it will cost $ 35,000 to replace your car, for example, don't have an auto policy maximum of $ 20,000 or expect to eat the difference. (travelinsurancereview.net)
After that, the insurance plan will continue to pay 75 % for covered medical expenses, and you continue to pay 25 % up to the selected policy maximum. (insubuy.com)
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Definition of «policy maximum»

Sentences with «policy maximum»

See also