Aggregate Limit
What Is an Aggregate Limit?
The aggregate limit is the maximum amount the insurance carrier will pay for all claims within the policy period (typically 12 months).
In other words, if the policy’s aggregate limit is $2,000,000, the insurance carrier will not pay more than this amount for all claims combined in a 12-month period.
Aggregate Limit Sample
General Aggregate Limit
Products-Completed Operations Aggregate Limit
What Limits Do FLIP’s Policies Have?
The FLIP policy provides a $2,000,000 general aggregate limit.
Read More
- See also: Occurrence-Based
- See also: Claim
- See also: Policy Period
- See also: Covered Loss