Aggregate Annual Deductible

In insurance, the maximum amount that a policyholder must pay for a claim before the insurance company will make any payments at all. That is, if one or more insured events happen in a given year, the policyholder is responsible for covering damages up to a certain dollar amount, at which point the insurance company begins coverage. Because the deductible is calculated annually, if two insured events happen in a year, the deductible is only applied once. Generally, the higher one's deductible is, the less one pays in premiums on the policy.

单词	aggregate annual deductible
释义	Aggregate Annual Deductible Aggregate Annual Deductible In insurance, the maximum amount that a policyholder must pay for a claim before the insurance company will make any payments at all. That is, if one or more insured events happen in a given year, the policyholder is responsible for covering damages up to a certain dollar amount, at which point the insurance company begins coverage. Because the deductible is calculated annually, if two insured events happen in a year, the deductible is only applied once. Generally, the higher one's deductible is, the less one pays in premiums on the policy.
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