Underlying Limit definition

Underlying Limit means the maximum amount of cover payable under the terms of your main travel insurance policy.

Underlying Limit means an amount equal to the aggregate of all limits of liability specified in the Schedule for all Underlying Policies, plus the uninsured retention, if any, applicable to the Primary Policy.

Underlying Limit means the aggregate sum of all limits of liability of all Underlying Insurance.

Examples of Underlying Limit in a sentence

• The Insurer shall have the right to participate in the investigation, settlement and defense of any Claim noticed under this Policy, even if the Underlying Limit has not been exhausted.

• C If any Underlying Limits are subject to a Sublimit then coverage hereunder shall not apply to any Claim which is subject to such Sublimit, provided however, that the Underlying Limit shall be recognized hereunder as depleted to the extent of any payment of such Claim subject to such Sublimit.

• This Policy provides excess coverage after exhaustion of the Underlying Limit.

• If any coverage under any Underlying Insurance is subject to a sub-limit, then this Policy provides no coverage excess of such sub-limit, but the Underwriters shall recognize payment of such amount as reducing the Underlying Limit by such amount.

• Applicable Underlying Limit means the aggregate total of: (1) the amount of coverage afforded bythe PLF Plans issued to all persons qualifying as Covered Parties under the terms of this Plan; plus (2) the amount of any other coverage available to any Covered Party with respect to the Claim for which coverage is sought.

More Definitions of Underlying Limit

Underlying Limit means the cumulative total of the limits of liability of the insurer(s) of the Underlying Policy(ies) applicable to any loss or liability (as applicable) as set out in Item 5 of the Schedule.

Underlying Limit means the original maximum amount payable under the relevant Basic Benefit.

Underlying Limit means the amount equal to the aggregate of all limits of liability as set forth in Item 4. of the Declarations for all Underlying Insurance plus the applicable uninsured retention, if any, under the Primary Policy. MAINTENANCE OF UNDERLYING INSURANCE

Underlying Limit means an amount equal to the sum of:

Underlying Limit means an amount equal to the aggregate of all limits of liability, as set forth in Item 7. of the Declarations, for all Underlying Policies, plus the retention or deductible, if any, applicable under the Primary Policy.

Underlying Limit means an amount equal to the combined total of all aggregate limits of liability plus the amount(s) of any applicable uninsured deductibles or retention(s), if any, in the Underlying Insurance payable on account of any covered losses, whether payable under any Underlying Insurance or payable under any insurance policy issued to a foreign subsidiary of the Insured where such payment would correspondingly erode the applicable limit(s) of liability contained in any such Underlying Insurance.

Underlying Limit means the maximum amount of cover payable under the terms of your main travel insurance policy.any way relating to (1) and/or (2) above.If we allege that by reason of any of the General Exclusions, any loss, damage, cost or expense is not covered by this top up policy, the burden of proving the contrary shall be upon you.In the event any portion of the General Exclusions are found to be invalid or unenforceable, the remainder shall remain in full force and effect.GENERAL CONDITIONS