Legal Definitions - excess judgment

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Definition of excess judgment

Definition: A court's final determination of the rights and obligations of the parties in a case that exceeds all of the defendant's insurance coverage.

Example: In a car accident case, the plaintiff is awarded $500

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Simple Definition

Excess judgment is a term used in insurance to describe a situation where a court's judgment against a defendant exceeds the amount of insurance coverage available to the defendant. This means that the defendant may be personally responsible for paying the excess amount out of their own pocket. For example, if a defendant has $100,000 in insurance coverage and the court awards $150,000 to the plaintiff, the defendant may be responsible

exceptional charge | excess jurisdiction Read a random term: sudden-emergency doctrine

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