Table of Contents

## How does a general aggregate limit work?

How Does the General Aggregate Limit Work? The general aggregate limit **applies to the total amount insurance companies will pay for covered losses during the policy period**. If you reach the limit before the end of your policy period and there's another claim, you'll have to cover the costs out of pocket.

## What is the difference between each occurrence and general aggregate?

An occurrence limit is the maximum amount your insurer will reimburse you for one covered incident or claim. The aggregate limit is the maximum amount your insurer pays for all covered claims over the term of your policy. Depending on your policy limits, one claim or multiple claims reach your aggregate limit.

## Is aggregate the same as umbrella?

The umbrella insurance policy becomes active as soon as the liability limit on other insurance policies is exhausted. **A general aggregate is the maximum limit of coverage that applies to the commercial general liability insurance policy**.

## What does it mean if an insurance policy has an aggregate limit of $1 million?

Your insurance policy's aggregate limit **spells out the maximum amount of money the insurer will pay for all covered losses during your policy period**. After you reach your aggregate limit, the insurance company will not cover any additional claims made in that period, which is typically one year.

## How does an aggregate limit work?

Distinct from a per-claim limit, which states the amount an insurer will pay for each individual claim made during the policy period, the aggregate limit is **the maximum amount an insurer will pay for all such claims made against the insured during the policy period, no matter how many separate claims might be made**.

## What does it mean if an insurance policy has an aggregate limit of $1 million?

Your insurance policy's aggregate limit **spells out the maximum amount of money the insurer will pay for all covered losses during your policy period**. After you reach your aggregate limit, the insurance company will not cover any additional claims made in that period, which is typically one year.

## What does general aggregate mean?

What Is a General Aggregate for Insurance? A general aggregate for insurance is **the maximum amount of money an insurer will pay out for claims during the policy period**.

## When a general liability policy is written aggregate limits it means?

General Aggregate Limit — **the maximum limit of insurance payable during any given annual policy period for all losses other than those arising from specified exposures**.

## What is the difference between occurrence limit and aggregate limit?

Your insurance policy's per-occurrence limit is the maximum amount of money you'll get to cover a single claim. In comparison, your policy's aggregate limit is the highest amount of money the insurance company will pay you for all claims made during your policy period (usually one year).

## What is the difference between in the aggregate and each and every claim?

An 'any one claim' policy provides cover up to the full limit for each individual claim made in the period of insurance, whereas an 'aggregate' policy provides cover up to the full limit for all claims made in the period of insurance.

## What does general aggregate mean?

What Is a General Aggregate for Insurance? A general aggregate for insurance is **the maximum amount of money an insurer will pay out for claims during the policy period**.

## What is each occurrence in insurance?

Per Occurrence Limit — in liability insurance, **the maximum amount the insurer will pay for all claims resulting from a single occurrence**, no matter how many people are injured, how much property is damaged, or how many different claimants may make claims.

## What does aggregate mean on insurance policy?

A general aggregate for insurance is **the maximum amount of money an insurer will pay out for claims during the policy period**.

## What is an aggregate umbrella policy?

Umbrella aggregate limits **equal the umbrella policy's per occurrence limits**. In other words, a $2,000,000 per occurrence umbrella policy has a $2,000,000 aggregate limit. The policy's maximum obligation during the policy term is $2,000,000.

## What does product aggregate mean?

The products-completed operations aggregate refers to **your total protection in your general liability insurance policy in cases where your delivered product or completed service cause damage or injury to a customer**.

## Is Umbrella the same as general liability?

**General liability and umbrella liability are two different insurance products** that provide specific protections. In order to make wise decisions about what kinds of insurance you'll need, learn what each policy provides.