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General

Aggregate Limit

An aggregate limit is the maximum total amount a policy will pay across all claims during the policy period. It applies regardless of how many separate losses occur and is common on liability and professional policies.

The most a policy will pay in total during the policy period, across all claims combined. Common on liability and professional policies. Example: a general liability policy with a $1 million per-occurrence limit and a $2 million aggregate caps the carrier at $2 million for the year regardless of how many separate claims are filed.