A clause agreed in the insurance contract → Sum insured is equivalent to → Policyholder in principle, in favour of → Claim is available, but not an unlimited number of times. The maximisation determines how much of the → Insurer the maximum amount it will pay out for claims within an insurance year. Often, insurers offer → Insurer a double maximisation. In such cases, the maximum amount per insurance year is twice the → Sum insured performed, for example → Sum insured 10 million euros, maximised twice: per individual → Claim A maximum of 10 million euros will be covered, up to a maximum of 20 million euros per year across all claims.

Source reference: See the VDT publication “VDT Article Series, Part 5 | Glossary“ and the source cited there.