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Ultimately, there are two types of excess liability insurance; an essential difference is between excess liability insurance and umbrella liability insurance.
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.
Talk to us today to know more about Excess Liability insurance.