What are insurance coverage limits?
Insurance coverage limits are the maximum amount an insurer will pay for a covered loss. They can vary by policy.
How do I determine the right coverage limits for my needs?
To determine the right coverage limits, consider factors like the value of your assets, potential liabilities, and personal circumstances.
What happens if I exceed my coverage limits?
If you exceed your coverage limits, you will be responsible for paying the remaining costs out of pocket.
Can I adjust my coverage limits after purchasing a policy?
Yes, you can usually adjust your coverage limits by contacting your insurance provider, but it may affect your premium.
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