Common use of Self-Insured Retention Clause in Contracts

Self-Insured Retention. 1. Our obligation to indemnify the insured applies only when the amount of loss and claim expense exceeds the per-claim Self-Insured Retention amount stated in this endorsement. 2. The Self-Insured Retention amount stated in this endorsement applies to all damages sustained for any one claim or series of related claims to which insurance applies. 3. Deductibles are part of, and not in addition to the Self-Insured Retention.