Excess coverage is designed to do what?

Excess coverage is specifically designed to cover costs that are not paid by the primary insurance policy, up to a certain limit. This type of coverage serves as a supplementary layer of protection, which activates after the primary policy limit has been exhausted. It does not provide immediate funds for initial losses, nor does it address full replacement of damaged property. Additionally, excess coverage applies broadly rather than being restricted to natural disasters, making it a versatile option for added security in various contexts. Therefore, it effectively fills the gap left by primary insurance, ensuring that the insured has more comprehensive financial protection in the event of a claim.