A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- PolicyThe written contract between you and an insurer that spells out what is covered, for how much, and under what terms.
- DeductibleThe amount you pay out of pocket for covered costs before your insurance starts chipping in.
- Liability CoverageInsurance that pays for injuries or property damage you cause to others and helps cover legal costs.
- Umbrella PolicyExtra liability coverage that kicks in when a claim exceeds the limits of your home or auto insurance.
- PremiumThe regular payment you make to keep an insurance policy active, usually billed monthly, quarterly, or yearly.
Turn this into a brick
Knowing what Coverage Limit means is knowledge — the first half. A brick gets placed when you act on it.
More in Insurance
Plain-English education — not personalized legal, tax, or investment advice.