Excess Coverage Clause Samples
The Excess Coverage clause defines the insurance policy's role as providing coverage only after the limits of other applicable insurance policies have been exhausted. In practice, this means that if a loss occurs and multiple insurance policies could apply, the excess coverage policy will only pay out once the primary policy or policies have paid up to their maximum limits. This clause ensures that the insurer is only responsible for losses that exceed the coverage provided by other insurance, thereby preventing overlapping payments and clarifying the order in which insurance policies respond to a claim.
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Excess Coverage. The limits of all insurance required to be provided by the Contractor shall be no less than the minimum amounts specified. However, coverage in the amounts of these minimum limits shall not be construed to relieve the Contractor from liability in excess of such limits.
Excess Coverage a) The coverage outlined in this agreement is last payer only. If, at the time of loss, you have insurance from another source, or if any other party is also responsible to pay for benefits also provided under this agreement, Manitoba Blue Cross will only pay eligible expenses in excess of those covered by that other insurance company or insurance companies or other responsible party or parties. This includes insurance plans provided through credit cards, third party liability, group or individual basic or extended health insurance plans or contracts including any private or provincial or territorial auto insurance plan, providing hospital, medical or therapeutic coverage or any third party liability insurance in force concurrently with this agreement.
b) All coordination with employee-related plans follows Canadian Life and Health Insurance Association Inc. (CLHIA) guidelines. In no case will the insurer seek to recover against employment-related plans if the maximum for all in-country and out-of-country benefits is $50,000 or less.
Excess Coverage. NOTE: Employee responsible for paying 100% of premium for Excess Coverage
Excess Coverage. One Million Dollars ($1,000,000.00); and,
Excess Coverage. This coverage is excess and shall not contribute to claims or suits where the covered party is named as an additional insured by agreement making such coverage primary coverage in accordance with an endorsement to the other party’s insurance policy. This provision is applicable to all insurance:
a. That is Fire, Extended Coverage, Builder's Risk, Installation Risk or similar coverage for your work, or is for covered locations rented to you;
b. That is commercial general liability (or equivalent coverage) available to you as a Named Insured or Insured (including additional insured);
c. That is coverage for non-owned automobiles and owned trailers attached to non-owned auto- mobiles. When this coverage agreement is excess, we will pay only our share of the amount of the loss, if any, that exceeds the sum of:
a. The total amount that all other self-insurance/insurance would pay for the loss in the absence of this coverage agreement; and
b. The total of all deductible and retained amounts under all other self-insurance/insurance in the absence of this coverage agreement. We will share the remaining loss, if any, with any self-insurance/insurance that is not described in this Excess coverage provision and was not bought specifically to apply in excess of the limits shown in the Information Pages of this coverage agreement. Our obligation shall not exceed the limits of liability shown on the Information Pages.
Excess Coverage. The limits of all insurance required to be provided by the Grantee shall be no less than the minimum amounts specified.
Excess Coverage. If the amount of coverage on any issue of revenue bonds, and interest earned on the coverage, is in excess of that required under the applicable bond resolution, articles or covenants, each participating contractor’s share of the excess shall be in the same proportion as charges were paid by each participating contractor pursuant to Article 49(d)(5)(B) for the portion of the facilities financed by said issue of revenue bonds. When and as permitted by the terms of the bond resolution, the share of excess coverage together with any realized interest earnings, shall at the Participating Contractor’s option be returned to the Participating Contractor or be utilized to fund remaining East Branch Enlargement construction costs to the extent not otherwise provided for. To the extent practicable, interest earned shall be at the Surplus Money Investment Fund rate.
Excess Coverage. The limits of all insurance required to be provided by the Service Provider shall be no less than the minimum amounts specified. However, coverage in the amounts of these minimum limits shall be not construed to relieve the Service Provider from liability in excess of such limits.
Excess Coverage. Any type of insurance or any increase of limits of liability not described in this Agreement and by the General Conditions which the A/E requires for its own protection or on account of any statute, rule or regulation, shall be its own responsibility and at its own expense.
Excess Coverage. For a period of 36 months after the Closing, Seller or Seller Parent shall maintain $150 million of insurance coverage that will be excess over the $5 million ($1 million for occurrences prior to December 1, 2013) primary general liability insurance coverage and $1 million of primary automobile and primary employer’s liability insurance coverage being maintained by or for the Company as of the date of this Agreement as listed in Annex I to Schedule 4.19 (the “Excess Coverage”). Seller or Seller Parent shall make the Excess Coverage available to the Company solely for claims associated with covered events that occur prior to the Effective Time. Purchaser and the Company shall be solely responsible for maintaining any and all insurance (including primary and excess liability insurance) for events that occur after the Effective Time. In consideration of the foregoing, the Closing Assets included in the Closing Statement shall include a prepaid expense equal to the actual cost of the Excess Insurance (up to a maximum of $89,000).