Investor Glossary-umbrella liability insuranceInvestor Glossary-umbrella liability insuranceInvestor Glossary-umbrella liability insuranceInvestor Glossary-umbrella liability insuranceInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Umbrella Liability Insurance

The HTML to link to this page
 

Umbrella liability insurance is coverage for an individual or company protecting them against claims not covered in their primary policies. Basically, umbrella liability insurance is extra liability coverage - it acts as a safeguard. Umbrella liability insurance got its name because it acts as an umbrella, sitting atop your current liability policies. Should you be sued for an amount that exceeds your policy, the umbrella liability insurance will kick in to cover damages. Umbrella liability insurance can usually be coordinated with your homeowner's and/or auto liability insurance policies; if you get all three from the same company, you may even receive a substantial premium discount. Umbrella liability insurance typically offers extremely broad coverage, but exceptions vary from insurer to insurer.



Rate this umbrella liability insurance definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: average price per share, quality assurance, 144a, VIX, limit order, inflation, labor relations, reverse mortgage, in escrow, diluted share, ex-dividend, wholly-owned subsidiary, APR, deferred tax, FTSE, 1031 exchange, ex-dividend date, per diem, open position, debt service coverage, retained earnings, margin rate, Zero Cost Collar, balance sheet, liquidity ratio, implied volatility, required rate of return, irrevocable trust, 401a, dividends payable, option premium, stock split, real GDP, Key Rate Duration, phantom income, FICO score, annual return, stock market close, 1035 exchange, cancelled check, command economy, EBITDA, deferred revenue, covered put, class C shares, current ratio, LIBOR, risk management, minority interest


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use