Some articles on policy, policy limits, policy limit:
... claim (or lawsuit) even if some or most of the lawsuit is not covered by the insurance policy ... Unless the policy is expressly structured so that defense costs "eat away" at the policy limits, the default rule is that the insurer must cover all ... prophylactically, as an obligation imposed by law in support of the policy ...
... letter referencing the relevant insurance policy or policies and demanding an immediate defense ... to indemnify means the duty to pay "all sums" for which the insured is held liable, up to a set policy limit ... duty is of greatest import during situations in which the settlement demand equals or exceeds the policy limits ...
Famous quotes containing the words limits and/or policy:
“Caring for children is a dance between setting appropriate limits as caretakers and avoiding unnecessary power struggles that result in unhappiness.”
—Charlotte Davis Kasl (20th century)
“Our policy is directed not against any country or doctrine, but against hunger, poverty, desperation and chaos. Its purpose should be the revival of a working economy in the world so as to permit the emergence of political and social conditions in which free institutions can exist.”
—George Marshall (18801959)