Orange County NC Website
Browse       Search
UMBRELLA <br />Page 4 of 22 © 2016 The Travelers Indemnity Company. All rights reserved.EU 00 01 07 16 <br />3.When we have the duty to defend, we may, at <br />our discretion, investigate and settle any claim <br />or "suit". In all other cases, we may, at our <br />discretion, participate in the investigation, <br />defense and settlement of any claim or "suit" for <br />damages to which this insurance may apply. If <br />we exercise such right to participate, all <br />expenses we incur in doing so will not reduce <br />the applicable limits of insurance. <br />4.Our duty to defend ends when we have used up <br />the applicable limit of insurance in the payment <br />of judgments or settlements, or defense <br />expenses if such expenses are within the limits <br />of insurance of this policy. <br />5.We will pay, with respect to a claim we <br />investigate or settle, or "suit" against an insured <br />we defend: <br />a.All expenses we incur. <br />b.The cost of: <br />(1)Bail bonds required because of <br />accidents or traffic law violations arising <br />out of the use of any vehicle to which <br />this insurance applies; or <br />(2)Appeal bonds and bonds to release <br />attachments; <br />but only for bond amounts within the <br />applicable limit of insurance. We do not <br />have to furnish these bonds. <br />c.All reasonable expenses incurred by the <br />insured at our request to assist us in the <br />investigation or defense of such claim or <br />"suit", including actual loss of earnings up <br />to $1,000 a day because of time off from <br />work. <br />d.All court costs taxed against the insured in <br />the "suit". However, these payments do not <br />include attorneys' fees or attorneys' <br />expenses taxed against the insured. <br />e.Prejudgment interest awarded against the <br />insured on that part of the judgment we <br />pay. If we make an offer to pay the <br />applicable limit of insurance, we will not pay <br />any prejudgment interest based on that <br />period of time after the offer. <br />f.All interest that accrues on the full amount <br />of any judgment after entry of the judgment <br />and before we have paid, offered to pay or <br />deposited in court the part of the judgment <br />that is within the applicable limit of <br />insurance. If we do not pay part of the <br />judgment for any reason other than it is <br />more than the applicable limit of insurance, <br />we will not pay any interest that accrues on <br />that portion of the judgment. <br />SECTION II – WHO IS AN INSURED <br />A. COVERAGE A – EXCESS FOLLOW-FORM <br />LIABILITY <br />With respect to Coverage A, the following persons <br />and organizations qualify as insureds: <br />1.The Named Insured shown in the <br />Declarations; and <br />2.Any other person or organization qualifying as <br />an insured in the "underlying insurance". If <br />you have agreed to provide insurance for that <br />person or organization in a written contract or <br />agreement: <br />a.The limits of insurance afforded to such <br />person or organization will be: <br />(1)The amount by which the minimum <br />limits of insurance you agreed to <br />provide such person or organization <br />in that written contract or agreement <br />exceed the total limits of insurance of <br />all applicable "underlying insurance"; <br />or <br />(2)The limits of insurance of this policy; <br />whichever is less; and <br />b.Coverage under this policy does not apply <br />to such person or organization if the <br />minimum limits of insurance you agreed <br />to provide such person or organization in <br />that written contract or agreement are <br />wholly within the total limits of insurance <br />of all available applicable "underlying <br />insurance". <br />B. COVERAGE B – UMBRELLA LIABILITY <br />With respect to Coverage B: <br />1.The Named Insured shown in the <br />Declarations is an insured. <br />2.If you are: <br />a.An individual, your spouse is also an <br />insured, but only with respect to the <br />conduct of a business of which you are <br />the sole owner. <br />POLICY NUMBER: CUP-3T402591-25-14 <br />With respect to a claim we investigate or <br />settle, or "suit" against an insured we defend <br />under COVERAGE A – EXCESS FOLLOW- <br />FORM LIABILITY, these payments will not <br />reduce the applicable limits of insurance, but <br />only if the applicable "underlying insurance" <br />provides for such payments in addition to its <br />limits of insurance. With respect to a claim we <br />investigate or settle, or "suit" against an <br />insured we defend under COVERAGE B – <br />UMBRELLA LIABILITY, these payments will <br />not reduce the applicable limits of insurance. <br />Docusign Envelope ID: 03EC0D15-D674-4D12-9ED3-8A2C214EE218