Annual Aggregate Limit


Definition of "Annual aggregate limit"

Cindy Lockhart real estate agent
Cindy Lockhart Keller Williams Classic Group

Pre-determined dollar amount up to which an insurance policy will cover an insured each year, regardless of the number of claims submitted or defense costs associated with these claims. For example, if the policy limit was established at $1,000,000, the insurance company would pay only up to $1,000,000 regardless of the number of claims during a particular year.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ