Limerick and Waterford met in Fraher Field, Dungarvan, on Sunday evening with Limerick running out 0-27 to 2-19 winners.
Seven points from placed balls by Shane Dowling ensured victory for a Limerick side that featured no less than 12 scorers.
Maurice Shanahan was Waterford's top scorer with 0-5, including four points from frees.
Clare and Limerick meet in the semi-final of the Munster Senior Hurling Championship on June 4.
Limerick scorers: S Dowling 0-7 (6f, 1 65), C Lynch (0-4), P Casey, R Lynch (3f) 0-3 each, B Nash, P Browne 0-2 each, A Gillane, P Ryan, C Ryan, G Mulcahy, D O'Donovan, D Dempsey 0-1 each.
Limerick team: B Hennessy, R English, S Finn, T Condon, G O'Mahony, D Morrissey, S Hickey, P Browne, P Ryan, A Gillane, C Lynch, T Morrissey, B Nash, R Lynch, C Ryan. Subs used: D Dempsey, S Dowling, P Casey, D O'Donovan, G Mulcahy.