sublimit

noun
sub·​lim·​it | \ ˌsəb-ˈli-mət \

Legal Definition of sublimit

: a liability limit in an insurance policy for a particular risk (as loss of jewelry by theft) that is below the aggregate liability limit of the policy

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“Sublimit.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/sublimit. Accessed 17 Apr. 2021.

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