Strategies, Challenges, and Answers

Excess Policy vs. Umbrella Policy: What Is The Difference?

Often the terms Umbrella Insurance and Excess Insurance are used interchangeably.  Is there a difference?  What is it? Let’s start with primary insurance.  Primary insurance is the first layer of insurance.  Primary insurance provides immediate coverage upon an occurrence or a loss as described by the policy.  Fireman’s Fund Ins. Co. v. Md. Cas. Co., […]