What Does Aggregate Mean in Insurance?
In insurance, aggregate refers to the maximum total amount an insurer will pay for all claims made within a specific policy period, typically one year. It is a cumulative limit, meaning once the aggregate limit is reached, the insurer is no longer liable for additional claims. This term is commonly used in liability and health insurance policies to define coverage limits.
Synonyms for Aggregate in Insurance
Total limit
Cumulative limit
Maximum coverage
Policy cap
Overall limit
Coverage ceiling
Annual limit
Aggregate cap
Comprehensive limit
Combined coverage
Antonyms for Aggregate in Insurance
Per-claim limit
Individual claim limit
Unlimited coverage
No limit
Separate limit
Per-occurrence limit
Minimum coverage
Partial limit
Single-claim cap
Isolated limit
Short Sentence Examples
The policy’s aggregate limit is $1 million for all claims within the year.
Once the aggregate is reached, the insured must cover any additional expenses.
Aggregate limits help insurers manage their financial risk.
Liability insurance often includes both per-claim and aggregate limits.
The company exceeded its aggregate limit due to multiple large claims.
