Aggregate Limit refers to the maximum total amount an insurance company will pay for all claims during a policy period. Once this limit is reached, the insurance company won't pay any more claims, even if the policy period isn't over. For example, if your policy has a $1 million aggregate limit and you've already claimed $1 million in damages, you won't receive any more money for additional claims that year. This limit includes all covered losses combined - it's like having a bucket that can only hold so much before it's full.

Aggregate Limit refers to the maximum total amount an insurance company will pay for all claims during a policy period. Once this limit is reached, the insurance company won't pay any more claims, even if the policy period isn't over. For example, if your policy has a $1 million aggregate limit and you've already claimed $1 million in damages, you won't receive any more money for additional claims that year. This limit includes all covered losses combined - it's like having a bucket that can only hold so much before it's full.