What does Excess Liability Policy mean? Read on to discover the definition & meaning of the term Excess Liability Policy - to help you better understand the language used in insurance policies.
Excess Liability Policy
A policy issued to provide limits in excess of an underlying liability policy. The underlying liability policy can be, and often is, an umbrella liability policy. An excess liability policy is no broader than the underlying liability policy; its sole purpose is to provide additional limits of insurance.
We hope the you have a better understanding of the meaning of Excess Liability Policy.