Dipdown Clause

Definition of "Dip-down clause"

Terri Naylor
Terri Naylor Florida Luxury Realty

Provision in an umbrella liability insurance policy under which the policy will pay those losses that come within the retention limits of the primary policy, but the primary policy cannot pay because its aggregate limits have no further capacity.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ