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

Contractual liability

Contractual liability

The terms of a contract to which you must abide. There may be financial or even criminal penalties which you incur if if you do not meet your contractual liabilities.


Limited liability

Limited liability

Limitation of loss to what has already been invested.


Limited liability

Limited liability

The principle that the liability of shareholders for debts of a corporation or limited company is limited to the nominal value of their shares. In other words, their personal assets are not at risk if the company becomes insolvent and is liquidated.


Liability

Liability

An amount that is owed, in contrast to an asset. A liability may result from borrowing, from obligation to pay for a product or service received, etc.


Noncurrent liability

Noncurrent liability

A liability due in one year.


Further Suggestions

joint liability
Limited liability instrument
Lender liability lawsuits
Umbrella personal liability policy
Funded Liability
Liability insurance
liability insurance
Unlimited liability
Joint liability
joint and several liability
Contingent pension liability
Tax liability


 
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