X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Working as Contractor’s Insurance Agent we often have to add additional insureds to GL policy of our customers. The ISO (04 13) and (12 19) edition dates have a “Limits Provision “that says(sic) we will pay the lesser of either the required insurance from the contract or the limit on the dec page. Here is my dilemma. If the contract requires $1,000,000 Each Occurrence Limit for GL and $ 5,000,000 Umbrella Limit but our customer has $2,000,000 Each Occurrence Limit on the GL dec page, the carrier will only pay the $1,000,000 Contract “lesser amount” not the $2,000,000 GL Limit to protect AI in the event of a monstrous large GL claim.

This premium content is locked for
FC&S Expert Coverage Interpretation subscribers.

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

FC&S Editors

 

Get Answers Directly From the FC&S Experts

Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.

Question of the Week

Insurance Coverage Q&A: Date of Loss or Date of Assessment ›

When loss assessment language refers to an event, is the event the date of loss, or the date of the assessment?

Question of the Week Archive ›

Copyright © 2024 ALM Global, LLC. All Rights Reserved.