sublimit
- A specific maximum amount of insurance coverage for a certain type of risk, such as the theft of jewelry, which is less than the total coverage limit of the policy
- The sublimit in their homeowner's insurance policy for the theft of electronics was far lower than they realized.
- The auto insurance policy offers a sublimit on windshield repair and replacement.
- Without considering the sublimit in their insurance policy, they assumed they were fully covered for all instances of property damage.
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