Coverage and Limits

Aggregate Limit
Aggregate limit in Canada: how a total policy-period cap affects liability coverage.
All Risks
All-risks coverage in Canada: how broad property wording still depends on exclusions and limits.
Coverage
The policy's insuring promise after limits, exclusions, and conditions are applied.
Indemnity
Indemnity in Canada: how insurance is meant to restore loss rather than create profit.
Liability Insurance
Coverage for injury, damage, or loss the insured is legally responsible for.
Named Perils
Named perils coverage in Canada: how listed causes of loss limit property protection.
Peril
Cause of loss recognized by property wording before a claim can be paid.
Policy Limit
Maximum amount the insurer agrees to pay under the applicable coverage.
Specified Perils
Specified perils in Canadian insurance: how coverage is limited to a stated list of causes of loss.
Sublimit
Sublimit in Canada: how a lower cap can apply inside broader insurance coverage.