MLchartDataset catalogue

Limit of insurance

Term · Insurance and risk management · MLC-T-INS-002014

The maximum amount an insurer will pay for covered losses under a specific insurance policy or for a particular type of claim. This limit can apply per occurrence, per person, or as an aggregate for the entire policy period. Exceeding this limit means the insured is responsible for the remaining costs.

Table 1. Record
IdentifierMLC-T-INS-002014
FieldInsurance and risk management
SubjectExcess Umbrella
Record as JSON 
{
  "id": "MLC-T-INS-002014",
  "term": "Limit of insurance",
  "field": "Insurance and risk management",
  "definition": "The maximum amount an insurer will pay for covered losses under a specific insurance policy or for a particular type of claim. This limit can apply per occurrence, per person, or as an aggregate for the entire policy period. Exceeding this limit means the insured is responsible for the remaining costs.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/limit-of-insurance/"
}

Record 1,964 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.