Aggregate

Jargon Buster

November 8, 2019

Jargon Buster

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Aggregate

Aggregate is a policy in which the level of cover you choose applies to the sum of all accumulated claims you make during one policy period. For example, if you choose an aggregate insurance policy that had £1m level cover, then £1m is the maximum amount your insurer would pay for all of the accumulated claims in one policy period. Legal Costs of a claim are included in the level of cover and are counted as part of the sum. It is the opposite of any one claim cover.