Meaning & use
sublimits
Last updated
limits placed within a larger overall limit, especially caps on coverage for a specific category of loss in an insurance policy
See it in a sentence
The policy's sublimits capped jewelry coverage at $2,000, far below the overall limit.
Business owners should check for hidden sublimits before assuming they have full coverage.
A note on using this word
A term mainly used in insurance to describe caps that apply to specific items within a broader policy limit.
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