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

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.


Joint liability

Joint liability

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


Joint liability

Joint liability

The legal liability of two or more people for claims against or debts incurred by them jointly. If three people have joint liability and are indebted to another party, they may only be sued as a group and not individually.


Limited liability instrument

Limited liability instrument

A security, such as a call option, in which the owner can lose only the initial investment.


Lender liability lawsuits

Lender liability lawsuits

Legal action of debtor against creditors that alleges unfair enforcement of loan covenants or violation of implied terms of a loan agreement.


Further Suggestions

Limited liability
Contractual liability
Unlimited liability
joint and several liability
Noncurrent liability
Liability
Contingent pension liability
liability insurance
Umbrella personal liability policy
Liability insurance
Tax liability
Funded Liability


 
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