"Maximum payout" refers to the highest amount of money that can be received or claimed in a particular situation, such as insurance coverage or a financial agreement. Full definition
Also, make sure you think carefully about policies with maximum payouts per incident. (policygenius.com)
We're also not fans of policies with maximum payouts per incident. (policygenius.com)
One serious drawback of dental insurance plans, whether individually purchased or provided by your employer, is that they have a relatively low annual maximum payout, oftentimes $ 1,000 to $ 2,000. (personalfinanceinsider.com)