What Does Aggregate Deductible Mean?

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What does Aggregate Deductible mean? Read on to discover the definition & meaning of the term Aggregate Deductible - to help you better understand the language used in insurance policies.

Aggregate Deductible

Aggregate Deductible

The maximum amount the insured can pay as deductibles over a specified period, typically 1 year. Offers protection to the insured from a high frequency of losses; sometimes called "annual aggregate deductible."

We hope the you have a better understanding of the meaning of Aggregate Deductible.

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