excess insurance

American  

noun

1. insurance covering a policyholder only for that portion of losses that exceeds a stated amount.

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Example Sentences

Ontario's Waterloo region has an eight-municipality pool, funded by levies on members, with settlements split between the city at fault, the pool and the excess insurance provider.

From Reuters

The rest will be paid by Boulder’s excess insurance carrier.

From Washington Times

The judge noted that the BSA and local councils also are covered under a single excess insurance policy, and that BSA has played a key role in defending lawsuits by abuse survivors.

From Washington Times

Of that amount, about $600,000 automatically goes to the Los Angeles County Contract Cities Liability Trust Fund, which pools money from the contract cities to cover payouts tied to lawsuits as well as excess insurance.

From Los Angeles Times

The Contract Cities Liability Trust Fund is partially self-insured and is also covered by excess insurance.

From Los Angeles Times