Posted on Dec 13, 2018
Insurance policies have something that is referred to as aggregates. This is most that the insurance policy has available for all claims. Usually the aggregate is a multiple of the per event or occurrence limit. Under our policy, the aggregate is three times the per event limit. We provide 1,000,000 per event subject to $3,000,000 total all events in a year. If you have three $1,000,000 claims inn the policy year you have exhausted the policy’s aggregate. If you have one $3,000,000 claim you have $2,000,000 aggregate left but you have $2,000,000 in unpaid liability.