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Category: Travel Insurance

Accumulation Limit

The maximum paid on a claim by an Insurer

The maximum amount payable by the Insurer in respect of any one Accident, irrespective of the number of Insured Persons involved in such Accident. In the event that an Accident results in loss greater than the Accumulation Limit, claim is distributed proportionately to all Insured Persons, subject to the maximum Sums Insured per Benefit and per Insured Person.