Definitions
There is 1 meaning of the phrase
Limit Of Liability.
Limit Of Liability - as a noun
The highest possible amount for which an insurance company may be held accountable under a policy.
Example Sentences
"The limit of liability for the stolen goods is $5,000."
"The insurance policy has a limit of liability of $1 million."
"The contract specifies a limit of liability of $10,000 for any damages."
"The manufacturer's limit of liability is only applicable during the warranty period."
"The limit of liability for medical malpractice claims is determined by state law."
