A policy that contributes to a loss only when the loss exceeds the sum payable by a more specific insurance. See AVERAGE/TWO CONDITIONS OF AVERAGE.
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Insurance that covers only a loss in excess of that covered by a first loss insurance.
The Rantings of the barely human.
A policy that contributes to a loss only when the loss exceeds the sum payable by a more specific insurance. See AVERAGE/TWO CONDITIONS OF AVERAGE.
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Insurance that covers only a loss in excess of that covered by a first loss insurance.