Excess limit

Term · Insurance and risk management · MLC-T-INS-001373

The amount of coverage provided by an excess insurance policy that sits above a primary policy's limits. This limit only becomes available once the underlying primary insurance has been exhausted by a claim. For example, a primary policy might cover up to $1 million, and an excess policy would then provide coverage for losses exceeding that amount, up to its own limit.

Table 1. Record
Identifier	MLC-T-INS-001373
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001373",
  "term": "Excess limit",
  "field": "Insurance and risk management",
  "definition": "The amount of coverage provided by an excess insurance policy that sits above a primary policy's limits. This limit only becomes available once the underlying primary insurance has been exhausted by a claim. For example, a primary policy might cover up to $1 million, and an excess policy would then provide coverage for losses exceeding that amount, up to its own limit.",
  "url": "https://mlchart.com/terminology/insurance/excess-limit/"
}

Record 1,210 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.