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Concept
Aggregate Limit
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Summary
An
Aggregate Limit
is the
Maximum amount
an insurer will pay for all
Covered losses
during a
Policy Period
, regardless of the
Number of claims
. It is crucial for policyholders to understand this limit to ensure
Adequate Coverage
throughout the term and avoid
Unexpected out-of-pocket expenses
after the
Limit is reached
.
Concepts
Insurance Policy
Coverage Limit
Policy Period
Claims Management
Risk Management
Deductible
Excess Insurance
Policyholder
Underwriting
Limit Of Liability
Per Occurrence Limit
Relevant Degrees
Insurance and Risk Sharing 70%
Monetary System and Banking 30%
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