MLchartDataset catalogue

Underlying coverage

Term · Insurance and risk management · MLC-T-INS-003406

The primary insurance policies that must be exhausted before an excess or umbrella liability policy will begin to pay for a loss. These policies provide the initial layer of protection for specific perils, such as commercial general liability or automobile liability. The limits of underlying coverage are specified in the excess policy's declarations.

Table 1. Record
IdentifierMLC-T-INS-003406
FieldInsurance and risk management
SubjectExcess Umbrella
Record as JSON 
{
  "id": "MLC-T-INS-003406",
  "term": "Underlying coverage",
  "field": "Insurance and risk management",
  "definition": "The primary insurance policies that must be exhausted before an excess or umbrella liability policy will begin to pay for a loss. These policies provide the initial layer of protection for specific perils, such as commercial general liability or automobile liability. The limits of underlying coverage are specified in the excess policy's declarations.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/underlying-coverage/"
}

Record 3,543 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.