Aggregate 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.
References in periodicals archive ?
The RSAPG is a federal risk purchasing group established in 1991 to fill the needs of small and medium-size property owners and landlords in securing adequate liability insurance limits at premiums generally only available to the very large property owner or mega-landlord.
Premier has been working in partnership with all of its insurers to set its insurance limits at realistic levels.
Customers of banks would not have gotten hooked on the opium of higher deposit insurance limits, and banks would not bear the burden of permanently higher deposit insurance costs," Isaac says.
Most contracting parties include "minimum" insurance limits that must be carried while the contract remains in effect.
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.
finds that companies reduced their liability insurance limits by an average of 6 percent in 2002.
The contract should require evidence that the contractor carries liability insurance and workers' compensation insurance at least equal to the primary liability insurance limits the camp carries.
NAR would support such a measure; the association has long contended that FHA insurance limits should be adjusted to reflect home prices in high-cost markets.
For such reasons, the Board has concluded that, should the Congress decide to lower deposit insurance limits, a meaningful transition period would be needed.
In addition to the above considerations, actual results and liquidity related to investments in loans secured by commercial real estate are affected by lessee performance under lease agreements, changes in general as well as local economic conditions and real estate markets, increases in competition and inflationary pressures, changes in the tax and regulatory environment including zoning and environmental laws, uninsured losses or losses in excess of insurance limits and the availability of adequate insurance coverage at reasonable costs, among other factors.
J&H Marsh & McLennan's annual study of liability insurance limits is now available to FEI members at no charge.
Partially offsetting these positive rating factors are Park's large gross underwriting exposures as it offers very high insurance limits and insures some properties with substantial insured values.

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