Enimmäiskorvauksin

Enimmäiskorvauksin is a Finnish term that translates to "with maximum compensation" or "to the extent of maximum compensation." It is primarily used in legal and insurance contexts within Finland. The phrase signifies that a party will receive compensation up to a predetermined upper limit. This limit is typically established by law, a contract, or an insurance policy.

In the realm of insurance, enimmäiskorvauksin indicates the highest amount an insurance company will pay out for a specific claim or over a defined period. For example, a liability insurance policy might state that damages will be compensated enimmäiskorvauksin of €1 million. This means the insurer will cover costs up to that amount, but any damages exceeding €1 million would not be covered by the policy.

Similarly, in legal disputes, a court might order a party to pay damages enimmäiskorvauksin. This implies that the liable party's financial obligation is capped at a specified maximum sum. The purpose of setting a maximum compensation is to provide certainty and predictability regarding financial liabilities and payouts. It helps manage risk for both insurers and those who might be liable for damages, as well as for the insured or claimant who knows the upper bound of potential recovery. The specific meaning and application of enimmäiskorvauksin are always dependent on the context in which the term is used, whether it be a statute, agreement, or policy.