General Aggregate Meaning
General Aggregate refers to the maximum amount of coverage provided by an insurance policy for all claims during a policy period. It is a limit on the total amount the insurer will pay out for claims, excluding specific limits for individual incidents. This term is commonly used in liability insurance policies, such as general liability insurance, to define the overall coverage cap.
Synonyms for General Aggregate
Total coverage limit
Policy cap
Coverage maximum
Aggregate limit
Maximum payout
Insurance limit
Total liability limit
Overall policy limit
Claims limit
Total indemnity
Antonyms for General Aggregate
Unlimited coverage
No coverage limit
Open-ended liability
Unrestricted payout
Excess coverage
No cap
Infinite indemnity
Full coverage
Unlimited insurance
All-risk coverage
Short Sentences Using General Aggregate
The insurance policy includes a general aggregate limit of $1 million.
Once the general aggregate is reached, the policyholder is responsible for additional costs.
The general aggregate limit helps insurance companies manage their risk exposure.
The general aggregate amount is critical in assessing how much coverage your business needs.
A higher general aggregate limit provides broader protection against multiple claims.
