What does Aggregate Excess Insurance mean? Read on to discover the definition & meaning of the term Aggregate Excess Insurance - to help you better understand the language used in insurance policies.
Aggregate Excess Insurance
Provides coverage once the total claims for an annual period exceed a predetermined retention amount. The retention can be stated as a flat dollar amount (often calculated as a percentage of expected losses), as a percentage of standard premium, or in terms of a specific loss ratio.
We hope the you have a better understanding of the meaning of Aggregate Excess Insurance.