The amount or amounts beyond which an insurance company does not protect a person insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. More for liability coverage. For example, a common liability limit for an auto insurance policyA written contract of insurance. More is $1 million. If a policyholder is successfully sued for more than $1 million, the balance of the judgment• An order given by a Court.
• A debt resulting from a Court Order.
More would be paid out of the policyholder’s pocket.