Sentences with phrase «general aggregate limit»

General Aggregate Limit: The maximum amount of insurance payable during the policy period for losses (other than those arising from the products — completed operations hazards as covered under the standard commercial general liability policy)

The General Aggregate Limit is the most money the insurer will pay under a certain coverage for all claims occurring during the policy term.

Capital Construction is insured under a primary general liability policy with an Each Occurrence limit of $ 1 million and a General Aggregate limit of $ 2 million.

However, the policy pays only $ 200,000 for the third claim because the General Aggregate limit has been used up.

Because host liquor liability coverage is automatically included in Bodily Injury and Property Damage Liability Coverage, any damages or settlements the insurer pays for liquor - related claims will reduce the each occurrence and general aggregate limits in the policy.

Not exact matches

There is a sublimit for abuse and molestation claims of $ 1,000,000 per occurrence with a $ 1,000,000 general aggregate (total limit).

New York is one of several states that have aggregate limits on campaign spending, though a state - level court ruling tossed the cap and the state Attorney General Eric Schneiderman's office plans to appeal.

Insurance must meet minimum limits of $ 1,000,000 each occurrence / $ 2,000,000 general aggregate.

However, the extent of coverage provided under Endorsement No. 5 is subject to a sublimit (a special limit within, and counting towards, the general limit of liability) of $ 250,000 per claim and in the aggregate.

(iii) In general terms, it is important to consider the overall expenditure of particular MPs if claims under each head of expenditure are close to the allowable limits and if such MPs make consistently high aggregate claims from one year to the next.

Threshold / deductable limit is an aggregate deductable which the customer has to pay either from his pocket or through other Mediclaim, beyond aggregate deductable (crossed in single claim or in multiple claims in a policy year) full claim amount will be paid by HDFC Ergo General Insurance.