Insurance 101 – Volume 59 – Limits of Liability

Limits of Liability

The limit stands regardless of the number of insureds, the number of claims made, the number of suits brought, or the number of persons or organizations making claim or bringing suit against the insured. Even if more than one insured person is named in a suit or a claim, it does not mean that the limits increase if more than one person or organization is making a claim or suit, or more than one claim or suit is filed.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library.

Legal Disclaimer:

The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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