The annual limit up to which a policy will cover, regardless of how many claims are made.
Related information about annual aggregate limit:
- Aggregate Limit Definition | Investopedia
An aggregate limit is the maximum dollar amount your insurer will pay to settle your claims. Often the limit is referred to as an annual aggregate limit, which is just ...
- Annual Aggregate Limit: Definition from Answers.com
Annual Aggregate Limit Pre-determined dollar amount up to which an insurance policy will cover an insured each year, regardless of the number of claims.
- aggregate limit of liability - Insurance Glossary
... 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." ...
- What is annual aggregate limit? - BusinessDictionary.com
Definition of annual aggregate limit: The yearly maximum that a policy will cover, regardless of how many claims are made.
- Annual Aggregate Limit - Financial Dictionary - The Free Dictionary
The maximum amount that an insurance policy will provide over a given period of time or over the life of the policy. For example, if an insurance company has ...
- Limit, Annual Aggregate - Financial Dictionary - The Free Dictionary
The maximum amount that an insurance policy will provide over a given period of time or over the life of the policy. For example, if an insurance company has ...
- What is annual aggregate limit? - InvestorWords.com
Definition of annual aggregate limit: The annual limit up to which a policy will cover, regardless of how many claims are made.
- What Limit of Liability Is Right for You? - Dominion Insurance Services
The term "straight limits" refers to a situation where the limit per claim is the same as the annual aggregate limit for the entire policy period. By contrast "split ...