What does "excess insurance" provide?

Excess insurance is designed to provide additional coverage beyond the limits of a primary insurance policy. This means that if a loss occurs that exceeds the coverage limits of the underlying policy, the excess insurance can step in to cover the additional amount. This type of insurance is particularly useful for businesses or individuals who face substantial liability risks or have valuable assets, as it provides a financial safety net against potentially high costs associated with claims.

While the other choices describe different types of insurance or coverage, they do not align with the specific function of excess insurance. For instance, coverage for specific natural disasters pertains to a defined category of insurance rather than extended coverage limits. Liability coverage against damages is typically covered under a primary policy rather than excess, while insurance for personal items while traveling is a type of travel insurance that protects belongings but does not relate to the excess of limits in a primary policy. Thus, the correct choice accurately captures the essence of what excess insurance is intended to provide.