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WebUnderlying Insurance” clause requiring the insured to maintain the insurance cov - erage listed on the “Schedule of Underlying Insurance,” an excess policy will separately require … WebFeb 1, 2001 · Lastly, some umbrella/excess liability policies have an "insured-versus-insured" endorsement. This provision protects the underwriter from financing an internal squabble between related entities. However, with the addition of outside or third-party entities as additional insureds, it may serve to reduce or eliminate coverage when a loss occurs ... cheapest hotels in townsville

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WebJul 9, 2024 · SHARE. Umbrella insurance is a personal liability policy that adds excess liability coverage if you’re found liable for property damage or bodily injury, and the costs exceed the limits of your existing car insurance, homeowners insurance, boat insurance, or even your renter’s insurance. It’s an added safety net for individuals that have ... WebDec 10, 2024 · An other insurance clause is a contractual clause found in insurance policies where the insurers attempt to allocate or limit their liability when another insurance policy … WebA commercial umbrella liability policy is designed to provide different types of insurance coverage. One type of coverage is the underlying insurance coverage, which means any policies of insurance listed in the Declarations under the Schedule of … cvs binford