What Does Aggregate Limit of Liability Mean?

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

Aggregate Limit of Liability

Aggregate Limit of Liability

An insurance contract provision limiting the maximum liability of an insurer for a series of losses in a given time period for example, a year or for the entire period of the contract. Sometimes called "annual aggregate limit."

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

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