Financial Glossary what is umbrella-personal-liability-insurance


Umbrella Personal Liability Insurance

In the US, liability insurance giving excess cover over and above that provided by other policies. For example, if general policies give total liability insurance cover of $400,000, an umbrella policy could provide cover of $1 million. If a claim of $700,000 were made, the umbrella policy would pay out only after the $400,000 had been exhausted.
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