Extra coverage for expenses over and above the limit of liability for an Insured.
A provision in most liability policies under which the insurer agrees to pay defense costs, premiums on various bonds, interest accruing after a judgment, and other reasonable expenses in addition to the limit of liability.
Provide extra coverage over and above the insured’s limit of liability. Commonly included are defense costs, first aid expenses, bond premiums, and postjudgment interest.
A payment similar to deficiency payments made to producers of wools, mohair and extra-long staple cotton. Wool and mohair producers may receive payments equal to the percentage difference between the support price and the national average market price times their annual revenue from the sale of wood and mohair.