policy limits
[ˈpɑːlɪsi ˈlɪmɪts]
nounpl: policy limits
limites da apólice
1. The maximum amount of money an insurance company will pay for a claim or series of claims under an insurance policy
The policy limits on my car insurance are $100,000 per accident.
Os limites da minha apólice de seguro de carro são de $100.000 por acidente.
2. The boundaries or caps set by an insurance contract that define the extent of coverage
You should review your policy limits to ensure adequate coverage.
Você deve revisar os limites da sua apólice para garantir cobertura adequada.
Policy limits are a critical component of insurance contracts in both the USA and Brazil. In the US, understanding policy limits is essential for consumers to ensure adequate protection. In Brazil, policy limits (limites da apólice) are regulated by SUSEP (Superintendência de Seguros Privados) and are a standard part of insurance discussions when purchasing or claiming benefits.
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