Per Occurrence Limit (Insurance & Financial Protection) - Definition, Examples, Advice | Bolder Money

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Definition

The maximum amount the insurer will pay for a single event or claim. It helps control costs by capping payouts for each incident.

What to consider

Understand the extent of coverage for third parties.
Review limits and exclusions.
Consider additional liability protection if needed.

Real world scenarios

An auto insurance policy covers third-party liability if the insured causes injury to someone else.
A business liability policy includes third-party liability for damages caused by company operations.
A homeowner’s policy covers third-party liability if a visitor is injured on the property.

Related terms

Insurance & Financial Protection

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