MLchartDataset catalogue

Coincidental excess coverage

Term · Insurance and risk management · MLC-T-INS-000805

A primary liability policy that carries an excess other-insurance clause, so it acts as excess only when other valid insurance covers the same loss. Its liability attaches immediately on the insured event, since it would pay from the first dollar if no other insurance existed. It differs from true excess insurance, which responds only after the limits of specified underlying policies are exhausted.

Table 1. Record
IdentifierMLC-T-INS-000805
FieldInsurance and risk management
SubjectCommercial Liability
Record as JSON 
{
  "id": "MLC-T-INS-000805",
  "term": "Coincidental excess coverage",
  "field": "Insurance and risk management",
  "definition": "A primary liability policy that carries an excess other-insurance clause, so it acts as excess only when other valid insurance covers the same loss. Its liability attaches immediately on the insured event, since it would pay from the first dollar if no other insurance existed. It differs from true excess insurance, which responds only after the limits of specified underlying policies are exhausted.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/coincidental-excess-coverage/"
}

Record 588 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.