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UMBILA <br /> EXCESS FOLLOW-FORM AND UMBRELLA <br /> LIABILITY INSURANCE <br /> THIS POLICY, IN PART, PROVIDES FOLLOW-FORM LIABILITY COVERAGE. <br /> COVERAGE WILL APPLY ON A CLAIMS-MADE BASIS WHEN FOLLOWING <br /> CLAIMS-MADE UNDERLYING INSURANCE. <br /> COVERAGE WILL APPLY ON A DEFENSE-WITHIN-LIMITS BASIS WHEN <br /> FOLLOWING UNDERLYING INSURANCE UNDER WHICH DEFENSE <br /> EXPENSES ARE PAYABLE WITHIN, AND NOT IN ADDITION TO, THE LIMITS <br /> OF INSURANCE. WHEN FOLLOWING SUCH UNDERLYING INSURANCE, <br /> PAYMENT OF DEFENSE EXPENSES UNDER THIS POLICY WILL REDUCE, <br /> AND MAY EXHAUST, THE LIMITS OF INSURANCE OF THIS POLICY. <br /> PLEASE READ THE ENTIRE POLICY CAREFULLY. <br /> Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and <br /> what is and is not covered. <br /> Throughout this policy, the words "you" and 'your" refer to the Named Insured shown in the Declarations and any <br /> other person or organization qualifying as a Named Insured under this policy. The words "we", "us" and 'bur" refer <br /> to the company providing this insurance. <br /> The word "insured" means any person or organization qualifying as such under SECTION II — WHO IS AN <br /> INSURED. <br /> Other words and phrases that appear in quotation marks have special meaning. Refer to SECTION VI — <br /> DEFINITIONS. <br /> SECTION I —COVERAGES provisions to the contrary contained in this <br /> A. COVERAGE A — EXCESS FOLLOW-FORM insurance. <br /> LIABILITY 3. The amount we will pay for damages is limited <br /> as described in SECTION III — LIMITS OF <br /> 1. We will pay on behalf of the insured those INSURANCE. <br /> sums, in excess of the "applicable underlying <br /> limit", that the insured becomes legally 4. For the purposes of Paragraph 1. above: <br /> obligated to pay as damages to which a. The applicable limit of insurance stated <br /> Coverage A of this insurance applies, provided for the policies of "underlying insurance" <br /> that the "underlying insurance" would apply to in the Schedule Of Underlying Insurance <br /> such damages but for the exhaustion of its will be considered to be reduced or <br /> applicable limits of insurance. If a sublimit is exhausted only by the following <br /> specified in any "underlying insurance", payments: <br /> Coverage A of this insurance applies to (1) Payments of judgments or <br /> damages that are in excess of that sublimit only settlements for damages that are <br /> if such sublimit is shown for that "underlying covered by that "underlying <br /> insurance" in the Schedule Of Underlying insurance". However, if such <br /> Insurance. "underlying insurance" has a policy <br /> 2. Coverage A of this insurance is subject to the period which differs from the policyperiod of this Excess Follow-Form <br /> same terms, conditions, agreements, And Umbrella Liability Insurance, any <br /> exclusions and definitions as the "underlying such payments for damages that <br /> insurance", except with respect to any would not be covered by this Excess <br /> Follow-Form And Umbrella Liability <br /> EU 00 01 07 16 ©2016 The Travelers Indemnity Company.All rights reserved. Page 1 of 22 <br />