Umbrella personal liability insurance


 

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Umbrella personal liability insurance

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



Similar Matches

Umbrella personal liability policy

Umbrella personal liability policy

A liability insurance policy that provides protection against damages not covered by standard liability policies, such as large jury awards in lawsuits.


Tax liability

Tax liability

The amount in taxes a taxpayer to the government.


Unlimited liability

Unlimited liability

Full liability for the debt and other obligations of a legal entity. The general partners of a partnership have unlimited liability.


Noncurrent liability

Noncurrent liability

A liability due in one year.


Joint liability

Joint liability

The responsibility of two or more people to fulfill the terms of a home loan or debt.


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