Liability Limits

Definition of "Liability limits"

Maximum amount of coverage available under a liability insurance policy.

Search Real Estate Glossary

Related Real Estate Glossary terms

Defendant

One of two parties in a negligence lawsuit (the other party being the plaintiff) from whom the plain ...

Limited Liability Company (llc)

Company in which shareholders limit their liability exposure to their percentage of ownership or equ ...

Automobile Physical Damage Insurance

Coverage in the event an insured's automobile is damaged, destroyed, or lost through fire, theft, va ...

Universal Life Insurance

Adjustable life insurance under which (1) premiums are flexible, not fixed; (2) protection is adjust ...

Alimony Substitution Trust

Agreement in which spouse X (the spouse who is mandated by the court to make alimony and/or child su ...

Assessment Company

Insurance company that has the authority to assess or charge its policyholders for losses that the c ...

Related Real Estate FAQ

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Is A Lien?

A lien is a claim against a property. ...

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Rent or Buy - the pros and cons What is Hazard Insurance? Mortgage Loan Types How To Sell Your Home How is Square Footage Determined?

FAQ

What is an investment property? What do I need to know about Homeowners Insurance? What is a title search? What is a qualifying ratio? What is comprehensive homeowners insurance?