insurance

What are limits?

 

 

What are limits?

The Bankrate.com financial term of the day is: "limits."

Insurance isn't infinite. It has limits, which are the maximum amount of benefits you'll be paid for a loss under your coverage. The limits will be explained in your policy and are a factor in the amount you pay in premiums.

Limits are the boundaries on the amount of money you can receive for insurance claims.

To get an insurance quote, visit the Insurance section at Bankrate.com.

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