Aggregate limits in insurance policies apply to what type of loss?

Aggregate limits in insurance policies are designed to specify the maximum amount that an insurer will pay for multiple claims during a specified policy period. This concept is crucial for managing risk and clarifying how much coverage is available for various types of losses.

The correct answer pertains to losses sustained by quickly removable items, such as CB radio equipment that is not permanently installed. Aggregate limits generally do not apply to individual items that are permanently attached to a property, as those might be covered under separate policy provisions.

Items that are not permanently installed, such as portable radios or other equipment, typically fall under personal property coverage within a policy. The distinctions in coverage highlight how aggregate limits are relevant to temporary or removable property, as these can accumulate claims over time up to the specified limit within the policy year.

In contrast, the other answer choices involve permanent installations or specific categories of claims that often do not adhere to the concept of aggregate limits in the same way.