Phrases with «liability limits»

Liability limits refer to the maximum amount of money a person or company is responsible for in case of property damage, injuries, or other losses related to an accident or incident. It sets a boundary on the financial responsibility one has in these situations. Full definition

Related phrases

Sentences with «liability limits»

  • Insurance policies were structured to include mandatory minimum liability limits of $ 25,000 per person and $ 50,000 per accident for bodily injury, and $ 25,000 for physical damage. (valuepenguin.com)
  • The new budget legislation also contained provisions for higher minimum liability limits on state car insurance policies, which pay for property damage and other liability when the policy holder is at fault. (carinsurancequote.net)
  • The coverage necessary to satisfy the law is not adequate, so most drivers will elect to carry much higher liability limits for better protection. (trustedchoice.com)
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