Umbrella Insurance Policy

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An Umbrella Insurance Policy is a liability insurance policy that is in excess of specified other policies and also potentially primary insurance for losses not covered by the other policies.



References

2021

  • (Wikipedia, 2021) ⇒ https://en.wikipedia.org/wiki/Umbrella_insurance Retrieved:2021-5-11.
    • Umbrella insurance refers to liability insurance that is in excess of specified other policies and also potentially primary insurance for losses not covered by the other policies.

      When an insured is liable to someone, the insured's primary insurance policies pay up to their limits, and any additional amount is paid by the umbrella policy (up to the limit of the umbrella policy).