Sentences with phrase «aggregate values of all claims»

A super top - up plan is a better choice since it takes into account the aggregate value of all claims in a policy year, as a result of which, even smaller and more frequent claims are payable.

On the contrary, a super top - up plan considers the aggregate values of all claims made within a policy year and compares this total value against the deductible limit.

Not exact matches

It usually covers up to the Kelley Blue Book value of the motorcycle, which is an aggregate price of the identical bike for sale across thousands of dealerships in the U.S., rather than a claim limit that is a specific dollar amount.

A per - claim limit is the maximum amount that an insurer will pay on an individual claim made under a policy, in some cases this limit may be the same as the aggregate limit (but in this case if the first claim is at or above the threshold — no further claims may be made against the insurer on the policy) or it may be set at a fraction of the value of the policy.