What Does Excess of Loss Reinsurance Mean?

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

Excess of Loss Reinsurance

Excess of Loss Reinsurance

Excess of loss reinsurance is a type of reinsurance in which the reinsurance company is responsible for covering any losses that exceed a certain amount incurred by the ceding insurance company. This type of reinsurance is designed to protect insurance companies from facing losses that they are not capable of dealing with.

We hope the you have a better understanding of the meaning of Excess of Loss Reinsurance.

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