Per person limit
Term · Insurance and risk management · MLC-T-INS-002541
The maximum amount an insurer will pay for injuries sustained by any one individual in a single incident. This limit is typically found in liability insurance policies, such as auto or general liability, and applies to bodily injury claims. It sets a cap on the financial recovery available to each person affected by a covered event, separate from any overall occurrence limit.
| Identifier | MLC-T-INS-002541 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002541",
"term": "Per person limit",
"field": "Insurance and risk management",
"definition": "The maximum amount an insurer will pay for injuries sustained by any one individual in a single incident. This limit is typically found in liability insurance policies, such as auto or general liability, and applies to bodily injury claims. It sets a cap on the financial recovery available to each person affected by a covered event, separate from any overall occurrence limit.",
"url": "https://mlchart.com/terminology/insurance/per-person-limit/"
}
Record 2,544 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.