Excess Liability (Umbrella)

Excess liability insurance for condominium associations provides an additional layer of protection beyond the limits of the primary liability policies. This type of insurance kicks in when the costs of a claim exceed the coverage limits of the association's underlying liability insurance, such as general liability, directors and officers liability, or auto liability coverage. It's designed to protect the association's assets and financial stability by covering larger claims that could otherwise financially devastate the community.  Excess liability policies are not the same, make sure your community understands the policies coverage.