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UMBRELLA <br /> EXCESS FOLLOW - FORM AND UMBRELLA <br /> LIABILITY INSURANCE <br /> THIS POLICY, INPART , 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 " our" 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 /> insurance . <br /> A. COVERAGE A — EXCESS FOLLOW- FORM <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 /> period which differs from the policy <br /> 2 . Coverage A of this insurance is subject to the period 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 />