Ultimately, there are two types of excess liability insurance; an essential difference is between excess liability insurance and umbrella liability insurance.
Â
Excess liability insurance pays for claims over existing policy limits based on the underlying scope of coverage only or what is often referred to as a follow-form basis. Separately, umbrella liability insurance serves three purposes:
Excess Liability Insurance is important because it can increase your coverage for
And other excess liabilities on top of your primary policy.
Â
Talk to us today to know more about Excess Liability insurance.