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Question 3 of 16 in Claim Settlement

Does my policy pay me the “limit”?


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.
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