General aggregate limit

The general aggregate limit is the maximum total amount an insurance policy will pay for all covered claims during a policy period, typically one year. It applies across multiple incidents or claims, rather than on a case-by-case basis. Once this limit is reached, the insurer will no longer cover additional claims until the policy is renewed or extended. This limit helps insurers manage their risk exposure, and policyholders should be aware of it to understand the maximum potential coverage they can receive for multiple incidents within the policy period.