excess insurance

excess insurance
Insurance which, by a provision in the policy, is relieved from contributing to other insurers of the same risk; such a policy renders the insurer liable only for the amount of loss or damage in excess of the coverage provided by another policy or policies covering the same risk. 29A Am J Rev ed Ins § 1715. A liability insurance policy issued to a lessor of automobiles and covering liability of the lessee, which expressly provides for its inapplicability to liability "for such loss as is covered on a primary, contributory, excess, or any other basis by insurance in another insurance company," does not constitute "other valid and collectible insurance" within the meaning of a liability insurance policy issued with respect to the lessee's own automobile, but covering the insured while driving another car, subject to the proviso that such insurance "shall be excess insurance over any other valid and collectible insurance available to the insurance . . .". Continental Casualty Co. v Weeks (Fla) 74 So 2d 367, 46 ALR2d 1159.

Ballentine's law dictionary. . 1998.

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