What Does Aggregate Limit Mean?

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

Aggregate Limit

Aggregate Limit

An aggregate limit is the highest amount of money an insurer will pay out to settle claims in a given time period. It is commonly known as an annual limit as the time period is commonly a year. Once the claims amount to this limit, the policyholder must cover any expenses thereafter.

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

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