Examples of Underlying insurance in a sentence
Underlying insurance shall include all liability coverage required by this contract except Professional Liability Errors & Omissions coverage as outlined below.
Underlying insurance is insurance on all or any part of the deductible and against all or any of the causes of loss covered by this policy including declarations of value to the carrier for hire.
You must maintain in full effect Primary Underlying Liability insurance with minimum limits that meet the requirements of the ‘Required’ Primary Underlying insurance policies equal to those shown under the Declarations and Policy Application.
If you do not, this policy will still be valid, but we will only be responsible for that portion of the ultimate net loss that exceeds the limits of liability required by the ‘Required’ Primary Underlying insurance policies.
Schedule of Underlying Insurance, listing policy information for all Underlying insurance policies (Insurer, Policy Number, Policy Term, Coverage and Limit of Insurance).