Opinion ID: 2308721
Heading Depth: 1
Heading Rank: 3

Heading: The Globe Umbrella Policy:

Text: The second policy Globe issued to Lee Dodge is an Umbrella policy that covered the same risks that the underlying Garage policy covered, up to $10 million per occurrence. The policy stated: a. We will pay those sums, in excess of the amount payable under the terms of any underlying insurance, that the insured becomes legally obligated to pay as damages because of injury or damage to which this insurance applies, provided that the underlying insurance also applies, or would apply but for the exhaustion of its applicable limits of insurance. .... The exclusions applicable to the underlying insurance also apply to this insurance. (Emphasis in original.) Underlying insurance is defined in the Umbrella policy as only the liability insurance coverage provided under policies shown in the Declarations or endorsed onto this policy.