Jul
13
The insurance industry defines an aggregate as a group formed from different things and places. This usually includes liability limits, deductibles and some types of insurance for insurance providers. The common use for this term is to describe how much a policy will pay out in a set time. Anything above the aggregate is the responsibility of the person causing the injury or damages. It can also mean the amount of deductible the policyholders paid on losses. When this is meant, they will call it an “annual aggregate deductible.”
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