Aggregate Annual Deductible

Definition of "Aggregate annual deductible"

Tammy Gailey real estate agent
Tammy Gailey, Real Estate Agent Dash Realty

Deductible that applies for the year. For example, a business pays for the first $40,000 of losses incurred during the year and the insurance company pays for all losses above that amount up to the limit of recovery stated in the policy.

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