Function

• Aggregate insurance policies are more commonly referred to as policy limits, and are the total amount the insurance policy will cover per claim. For example, if a claim was $10,000 and the aggregate limitation on the policy was $8,000, the policyholder would be responsible for the difference of $2,000.
  
  

Types

• Aggregate insurance policies are found as part of homeowner's insurance, car insurance, personal liability insurance, professional liability insurance, credit card insurance offerings, and health insurance. Essentially, any type of coverage that offers protection against personal or professional liability for accident, injury, or damage will come with an aggregate limitation.
  
  

Considerations

• The aggregate insurance coverage is normally part of the fine print of an insurance policy. According to Peter Schlactus of Courier Insurance, higher aggregate limits are superior to lower ones in business or professional liability coverage. Consider the aggregate limit when signing up for or renewing an insurance policy.