   
|
|
Umbrella Liability Insurance
|
| FYI - For 2011, Dow up, Dogs of the Dow up more (double digits) |
| |
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...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: inflation, FICO score, EBITDA, labor relations, option premium, 1035 exchange, 144a, deferred revenue, limit order, balance sheet, ex-dividend date, dividends payable, command economy, current ratio, phantom income, required rate of return, average price per share, real GDP, FTSE, stock split, deferred tax, diluted share, margin rate, class C shares, debt service coverage, minority interest, open position, annual return, ex-dividend, 401a, risk management, reverse mortgage, covered put, in escrow, LIBOR, implied volatility, wholly-owned subsidiary, irrevocable trust, quality assurance, stock market close, liquidity ratio, cancelled check, 1031 exchange, APR, Key Rate Duration, Zero Cost Collar, per diem, retained earnings, VIX
|
|
| |