Aggregate Limit

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 consideration of shares received by eligible startups for shares issued or proposed to be issued by all investors will now be exempt up to an aggregate limit of Rs 25 crore.
However, the Ninth Circuit was not persuaded that the States interest in preventing corruption justified its annual aggregate limit on the total contributions that a candidate may accept from nonresidents of Alaska.
Therefore, the court concluded that the $2 million aggregate limit applies rather than the $500,000 per-occurrence limit for property damage due to fire arising from logging and lumbering operations.
Lastly, he said that the importation should be on a one-time basis for this calendar year, wherein the government, in consultation with PCBSA, could set an aggregate limit.
Claims involving bodily injuries that fall under the completed-operations and products hazards are subject to an aggregate limit. Every dollar the insurer pays out to indemnify WECCO against such claims counts against the policy's aggregate limit.
In the adverse case of a critical condition where the mother or the newborn are affected, medically necessary expenses are covered up to the annual aggregate limit. Limitations and exclusions Health insurance policies sometimes specify an upper age limit over which maternity cover is not granted.
The policy imposes an aggregate limit on the insurer's obligation to indemnify the Company for claims that fall within the completed operations and products hazards.
This new limit structure provides a dedicated limit for every project a design firm has worked on after the retroactive date stated in the firm's professional liability insurance policy, even if the Policy Aggregate Limit is exhausted.
For example, Kevin has a primary CGL policy with a $500,000 per-occurrence limit and a $750,000 aggregate limit. He also has a $5 million excess liability policy, which excludes drop-down coverage by stating that coverage only applies to liability claims in excess of $500,000.
In addition to your aggregate limit, you may keep up to 10 vermilions on the Gulf coast of Florida (10 inch minimum there), and 5 on the Atlantic coast (12-inch minimum).
The insurance company has to pay the bills up to the annual aggregate limit. It is Dh150,000 annually.
Our Agency represents and promotes the West Virginia Mutual Insurance Company (the Mutual) and understands that the Mutual's provision of a $250,000 annual aggregate limit for Network Security and Privacy Protection is very liberal in the industry; but we also recommend that our Mutual clients consider purchasing an additional $1,000,000 excess policy due to the following: (a) an exceptional cost availability created by the Mutual's underlying limit and (b) a broad form of coverage which matches the Mutual underlying coverage.

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