Excess and Umbrella Liability liability coverage of an insured above a specific amount set forth in a basic policy issued by the primary insurer; or a self insurer for losses over a stated amount; or an insured or self insurer for known or unknown gaps in basic coverages or self insured retentions. What is Excess and Umbrella Liability , What does mean Excess and Umbrella Liability , Insurance Guide, Insurance Glossary
Excess of Loss Reinsurance loss sharing mechanism where an insurer pays all claims up to a specified amount and a reinsurance company pays any claims in excess... more