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


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
©2004-2016 Investor Glossary - All rights reserved - Terms of Use