What Does Lead Umbrella Mean?

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

Lead Umbrella

Lead Umbrella

The term lead umbrella refers to the first umbrella policy in a multilayer excess program that sits directly over the primary policies. Typically, higher-level excess policies sitting above the lead umbrella in this type of placement contain follow-form provisions making them follow the "lead" of the terms and conditions of the first underlying umbrella.

We hope the you have a better understanding of the meaning of Lead Umbrella.

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