# CHUBB Enhanced Commercial Umbrella Liability Policy

## IV. LIMITS OF INSURANCE AND "RETAINED LIMIT"

A. The Limits of Insurance shown in the Declarations and the rules below fix the most we will pay regardless of the number of:

1. “Insureds”;
2. Claims made or “suits” brought; or
3. Persons or organizations making claims or bringing “suits”.

B. The General Aggregate Limit shown in the Declarations is the most we will pay for all damages, except:

1. Damages because of “bodily injury” or “property damage” included in the “products-completed operations hazard”;
2. Damages because of “bodily injury” or “property damage” arising out of “auto liability”; and
3. “Catastrophe management costs”.

C. The Products-Completed Operations Aggregate Limit shown in the Declarations is the most we will pay for damages because of “bodily injury” and “property damage” included in the “products-completed operations hazard”.

D. Subject to Paragraphs B and C above, the Each Occurrence Limit shown in the Declarations is the most we will pay for the sum of all damages because of “bodily injury”, “property damage”, and “personal and advertising injury” arising out of any one “occurrence”. However, this Each Occurrence Limit shall not apply to “catastrophe management costs”.

E. The Catastrophe Management Aggregate Limit is the most we will pay for the sum of all “catastrophe management costs” regardless of the number of “catastrophe management events” first commencing during the “policy period”.

F. Subject to E. above, the Catastrophe Management Each Occurrence Limit shown in the Declarations is the most we will pay for the sum of all “catastrophe management costs” arising out of any one “occurrence”.

G. “Defense costs” will be in addition to the applicable Limits of Insurance of this policy unless an exception set forth in subparagraphs 1. or 2. below applies.

If:

1. “Defense costs” reduce the applicable limits of “underlying insurance”; or
2. A coverage listed in a Schedule of Retained Limits attached to this policy indicates that “defense costs” are included within the “retained limit”;

XSE- 50762(05/18)
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