An aggregate is a limit in an insurance policy stipulating the most it will pay for all covered...
General aggregate limit is the maximum limit of insurance payable during any given annual policy period for all losses other than those arising from specified exposures.
Under the standard commercial general liability (CGL) policy, the general aggregate limit applies to all covered bodily injury (BI) and property damage (PD) (except for injury or damage arising out of the products-completed operations hazard) and all covered personal and advertising injury. When paid losses in these categories reach the specified aggregate limit, that limit is exhausted and no more losses in any of those categories will be paid under the policy. In other words, once the general aggregate limit is paid out, the only coverage remaining under the policy will be for products-completed operations claims, which are paid out of a separate aggregate.
An aggregate is a limit in an insurance policy stipulating the most it will pay for all covered...
The aggregate limit of liability is an insurance contract provision limiting the maximum liability...
An aggregate limits reinstatement is a clause contained in the extended reporting provisions of...
The basket aggregate is an aggregate loss limit applicable to multiple lines of coverage, such as...
Limits under multiple policy years is an approach to structuring limits for insurance programs...
Rolling policy limits refers to an arrangement in which the amount of insurance stated at inception...