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Thread: Aggregate Limit

  1. h2o
    h2o is offline Senior Member
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    Sep 2008
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    Aggregate Limit

    What is an "aggregate limit" and why is this important to the surety company?
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  2. lifeisgood
    lifeisgood is offline Senior Member
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    Sep 2008
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    Aggregate Limit

    An aggregate limit is part of the bond language that means should claims be filed against the principle holder of a surety bond - the amount of payment(s) cannot exceed the dollar amount of the bond.
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