Debris: New Jersey High Court Rejects Stacking of Sublimits

Property insurance policies, like other insurance policies, contain an overall limit of liability, which is the maximum amount that the insurance company will pay for any given loss.  In addition to an overall limit, policies may also contain “sublimits” of liability that apply to certain types of perils or damage.  A sublimit is less than… Continue reading Debris: New Jersey High Court Rejects Stacking of Sublimits