What Does Layer Mean?

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

Layer

Layer

A horizontal segment of the liability insured for example, the second $100,000 of a $500,000 liability, is the first layer if the cedent retains $100,000 but a higher layer if it retains a lesser amount.

We hope the you have a better understanding of the meaning of Layer.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


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