Definition of "sublimit"
  1. 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
How to use "sublimit" in a sentence
  1. The sublimit in their homeowner's insurance policy for the theft of electronics was far lower than they realized.
  2. The auto insurance policy offers a sublimit on windshield repair and replacement.
  3. Without considering the sublimit in their insurance policy, they assumed they were fully covered for all instances of property damage.

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