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An insurance policy limit is the maximum amount an insurer will pay for a covered claim. Beyond this amount, any additional costs must be paid out-of-pocket by the policyholder.

An insurance policy limit is the maximum amount an insurer will pay for a covered claim. Beyond this amount, any additional costs must be paid out-of-pocket by the policyholder.

An insurance policy limit is the maximum amount an insurer will pay for a covered claim. Beyond this amount, any additional costs must be paid out-of-pocket by the policyholder.