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Aggregate Limit
(redirected from Aggregate Insurance Limit)

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Aggregate Limit
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 agreed to pay all of a person's medical bills up to $100,000 and the person incurs $135,000 in services, the policyholder must pay $35,000 out of pocket. Some supplemental insurance policies provide coverage over the aggregate limit. See also: Stop loss insurance.


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6, the United States Court of Appeals for the 4th District upheld a decision by the District Court for the District of Maryland that policies bought by Wallace & Gale after installations were complete do not subject the insurers to unlimited amounts of liability, but rather to the aggregate insurance limits defined by the contracts.
 
 
 
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