THE STORY. Hudson Yards is the largest private real estate development in the history of the United States and the largest development in New York City since Rockefeller Center.
With a CSL liability policy, you have one limit that is the maximum amount the auto insurer will pay for all liability claims resulting from one accident. For example, if you were in an accident in which you damaged a high-end car and injured two occupants, your $100,000 CSL policy coverage might look like this:
Understanding Policy Limits. When an individual buys liability insurance, there is essentially always a policy limit in place. This refers to the maximum amount of money the insurance company is responsible for. For example, if you buy a car insurance policy that has a $50,000 limit, the insurance company is going to pay out only $50,000. If there are $100,000 in damages, then the insurance company isn't going to pay the excess $50,000. This money, if awarded by a judge or jury, will have to come from somewhere else. Can You Collect Excess Damages?