Maximum Payout

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August 31, 2024 3 min read Definitions
Claim Limit: Restriction on the Amount Payable for a Single Claim
Insurance Finance Claim Limit Insurance Policy Maximum Payout Risk Management Policyholder Protection
A 'Claim Limit' refers to the maximum amount an insurer is obligated to pay for a single claim under an insurance policy. It provides protection to insurers against large losses while setting clear expectations for the policyholder.
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