What Does Excess and Umbrella Liability Mean?

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What does Excess and Umbrella Liability mean? Read on to discover the definition & meaning of the term Excess and Umbrella Liability - to help you better understand the language used in insurance policies.

Excess and Umbrella Liability

Excess and Umbrella Liability

liability coverage of an insured above a specific amount set forth in a basic policy issued by the primary insurer; or a self insurer for losses over a stated amount; or an insured or self insurer for known or unknown gaps in basic coverages or self insured retentions.

We hope the you have a better understanding of the meaning of Excess and Umbrella Liability.

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