A sublimit is defined as a different upper limit within an insurance policy for a → Sum insured.

For example, in personal liability insurance, the → Sum insured be insured for property damage up to 10 million euros, but the co-insured damage to rented property is only covered up to a sublimit of 100,000 euros.

Source reference: See the VDT publication “VDT Article Series, Part 5 | Glossary“ and the source cited there.