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liability limit

American  

noun

  1. the highest amount that a liability insurer will pay on a single claim.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

Review your parent’s personal umbrella insurance policy to ensure the liability limit covers their net worth.

From MarketWatch ● Jun. 30, 2026

Runaway yachts weren’t the problem the liability limit was meant to solve.

From Seattle Times ● May 28, 2023

But this liability limit is also what makes debit cards work.

From Slate ● Feb. 16, 2016

Following a different course, BP waived the $75 million liability limit imposed by the federal Oil Pollution Act and quickly paid claims of $396 million in the spring of 2010.

From BusinessWeek ● Jun. 27, 2013

It also wanted to get BP to commit to paying an amount above and beyond the $75 million liability limit currently in federal law.

From Newsweek ● Jun. 16, 2010

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