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General

Excess Liability

Excess liability coverage sits above your standard policy limits and pays only after those underlying limits are exhausted. A personal umbrella policy is a common form of excess liability.

Coverage that sits above your underlying policy limits and pays only after the underlying limits are exhausted. Personal umbrella is a kind of excess liability. Example: a $1 million personal umbrella behind a $250,000 auto liability policy turns a $700,000 jury award from a personal disaster into something the carrier pays out.