Does My Policy Pay Me The “Limit”?
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
No. There is a widespread misunderstanding of the meaning of a “limit”. A “limit” is the most your insurance policy will pay for a loss. What this means is that after a claim adjuster has assessed the damage or loss, your loss may be less than the policy limits. In that case, your policy covers only the amount of your actual loss.