What Does First Dollar Defense Umbrella Mean?

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

First Dollar Defense Umbrella

First Dollar Defense Umbrella

An umbrella or professional liability policy provision under which the insurer agrees to indemnify the insured for costs of claims defense in the self-insured retention (SIR) area.

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

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