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UMBRELLA With respect to a claim we investigate or 3. When we have the duty to defend, we may, at settle, or "suit" against an insured we defend our discretion, investigate and settle any claim EXCESS FOLLOW- under COVERAGE A - or "suit". In all other cases, we may, at our FORM LIABILITY, these payments will not discretion, participate in the investigation, reduce the applicable limits of insurance, but defense and settlement of any claim or "suit" for only if the applicable "underlying insurance" damages to which this insurance may apply. If provides for such payments in addition to its we exercise such right to participate, all limits of insurance. With respect to a claim we expenses we incur in doing so will not reduce the applicable limits of insurance. investigate or settle, or "suit" against an insured we defend under COVERAGE B - 4. Our duty to defend ends when we have used up UMBRELLA LIABILITY, these payments will the applicable limit of insurance in the payment not reduce the applicable limits of insurance. of judgments or settlements, or defense expenses if such expenses are within the limits SECTION II - WHO IS AN INSURED of insurance of this policy. A. COVERAGE A - EXCESS FOLLOW-FORM 5.We will pay, with respect to a claim we LIABILITY investigate or settle, or "suit" against an insured With respect to Coverage A, the following persons we defend: and organizations qualify as insureds: a.Allexpensesweincur. 1. The Named Insured shown in the b. The cost of: Declarations; and (1) Bail bonds required because of 2. Any other person or organization qualifying as accidents or traffic law violations arising an insured in the "underlying insurance". If out of the use of any vehicle to which you have agreed to provide insurance for that this insurance applies; or person or organization in a written contract or agreement: (2) Appeal bonds and bonds to release attachments; a.The limits of insurance afforded to such person or organization will be: but only for bond amounts within the applicable limit of insurance. We do not (1) The amount by which the minimum have to furnish these bonds. limits of insurance you agreed to provide such person or organization c. All reasonable expenses incurred by the in that written contract or agreement insured at our request to assist us in the exceed the total limits of insurance of investigation or defense of such claim or all applicable "underlying insurance"; "suit", including actual loss of earnings up or to $1,000 a day because of time off from work. (2) The limits of insurance of this policy; d. All court costs taxed against the insured in whichever is less; and the "suit". However, these payments do not b. Coverage under this policy does not apply include attorneys' fees or attorneys' to such person or organization if the expenses taxed against the insured. minimum limits of insurance you agreed e. Prejudgment interest awarded against the to provide such person or organization in insured on that part of the judgment we that written contract or agreement are pay. If we make an offer to pay the wholly within the total limits of insurance applicable limit of insurance, we will not pay of all available applicable "underlying any prejudgment interest based on that insurance". period of time after the offer. B. COVERAGE B - UMBRELLA LIABILITY f. All interest that accrues on the full amount With respect to Coverage B: of any judgment after entry of the judgment 1. The Named Insured shown in the and before we have paid, offered to pay or Declarations is an insured. deposited in court the part of the judgment that is within the applicable limit of 2. If you are: insurance. If we do not pay part of the a. An individual, your spouse is also an judgment for any reason other than it is insured, but only with respect to the more than the applicable limit of insurance, conduct of a business of which you are we will not pay any interest that accrues on the sole owner. that portion of the judgment. Page 4 of22 © 2016 TheTravelers Indemnity Company. Allrights reserved. EU 00 01 0716