These include white papers, authorities information, authentic reporting, and interviews with trade experts. We additionally reference authentic research from different reputable publishers the place applicable. You can learn extra concerning the standards we follow in producing accurate, unbiased content material in oureditorial policy. The policy restrict is the utmost amount an insurer pays under a policy for a covered loss. Maximums could also be set per period (e.g., annual or coverage term), per loss or damage, or over the lifetime of the policy, also called the lifetime most.