What Does Aggregate Excess Insurance Mean?

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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

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.

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