A dollar limit is a cap on the amount of coverage offered for certain types of property, for example a pair of earrings. (policygenius.com)
The trade - off for clearing such debt in only a few months is that creditors may make a claim on liquidation of certain types of property. (totalbankruptcy.com)
In fact, one would generally have a difficult time purchasing or holding certain types of property, such as real estate or a car, without insuring against these risks. (effectivecoverage.com)