Glossary term
Liability limits
Liability limits: The maximum the policy pays for injuries and damage caused to others, e.g. 100/300/100 in thousands.
Where this term matters
Guides and entries on this site that use the term.
Guide
What Coverage a Teen Driver Needs
Liability limits, uninsured motorist, collision and comprehensive, deductibles and umbrella coverage for a family with a teen driver.
Entry
Umbrella Insurance for Teen Drivers: Why Higher Liability Limits Matter
Discover why adding a teen driver creates serious liability risks, how umbrella insurance works, and how to protect family assets from severe crash claims.
Entry
Dropping Collision and Comprehensive for a Teen Driver: The 10x Rule
Find out when dropping collision and comprehensive coverage on an older vehicle driven by a teenager makes financial sense using the 10x premium rule.