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Automobile Liability Excess Indemnity

Automobile Liability Excess Indemnity

Definition

Automobile Liability Excess Indemnity — provides excess limits for bodily injury (BI) and property damage (PD) liability for persons unable to secure more than minimum limits under their basic liability policy. This type of coverage stipulates that the primary policy must always be kept in force and is typically purchased by assigned risk plan policyholders.

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