Definition of "Excess insurance"

Nicholas A. Colonna real estate agent
Nicholas A. Colonna, Real Estate Agent Aliano Real Estate

Property, liability, or health coverage above the primary amount of insurance. For example, the primary coverage is $100,000 and the excess insurance is $1 million. After the losses exceed $100,000, the excess insurance will pay for the losses up to a total of $1 million.

 

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