Which of the following can be a coverage limit in an insurance policy?

The maximum amount paid for particular damages is indeed a coverage limit in an insurance policy. Coverage limits define the maximum payout an insurer will offer for a covered loss or claim, ensuring that policyholders understand the extent of their financial protection. For instance, in a property insurance policy, the coverage limit would specify the maximum reimbursement for damages incurred to the insured property, such as in the event of a fire or theft.

In contrast, the other options do not represent coverage limits. The total daily premium amount reflects the cost of maintaining the policy but does not indicate what the insurer would pay in the event of a claim. The minimum amount needed to start coverage pertains to the initial premium that must be paid before the coverage is effective, rather than the limits of what can be claimed. Lastly, the number of policies owned does not indicate a limit on coverage; it simply quantifies how many separate insurance policies an individual or entity possesses, without impacting the limits of coverage on any of those policies.