Coverage limits vary by policy type.

Meaning: The maximum amount that the insurance company will pay for a claim depends on the type of insurance policy.

Choice of Words: Coverage is the range of risks or events that an insurance policy covers. Limits are the maximum amounts that an insurance company will pay for a claim. Vary means to be different or change. Policy is a written agreement between an insurance company and a policyholder that outlines the terms of the insurance coverage. Type is a category or class of something.

Alternative Expressions

Related Expressions