What Does First Dollar Defense Coverage Mean?

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What does First Dollar Defense Coverage mean? Read on to discover the definition & meaning of the term First Dollar Defense Coverage - to help you better understand the language used in insurance policies.

First Dollar Defense Coverage

First Dollar Defense Coverage

A coverage feature of some liability policies in which retentions do not apply to defense costs, even if no indemnity payments are made in conjunction with a claim. Thus, if an insurer were to expend $10,000 on defense of a claim and nothing for indemnity, the insured would not be required to pay any out-of-pocket costs for defense.

We hope the you have a better understanding of the meaning of First Dollar Defense Coverage.

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