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25 February, 12:11

Company Z's CPP has a Products and Completed Operations aggregate limit of $100,000, with a $20,000 limit for each occurrence. Following an occurrence that results in $25,000 in damages, and second occurrence that results in $15,000, how much of the aggregate remains available for completed operations losses?

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  1. 25 February, 15:21
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    65000$ remains available for complete operation losses.

    Explanation:

    $20,000 of the $25,000 loss is paid by the policy. The $15,000 loss is paid in full. Together these payments reduce the $100,000 aggregate limit to $65,000.

    Calculation

    100,0000-20,000-15,000 = 65,000 $.
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