UMBRELLA PERSONAL LIABILITY POLICY
Umbrella Personal Liability Policy: translation
A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts in a standard insurance policy. The umbrella policy provides extra protection in the event that a lawsuit exceeds the basic level of coverage in the standard policy.An umbrella personal liability policy extends the basic coverage provided in different types of liability coverage, including home, auto, boat and tenant policies. This type of policy provides broad coverage, meaning that some claims that would not be covered by a standard policy may be covered under the umbrella policy. However, an umbrella policy only kicks in once the regular coverage amount is exceeded. Generally, the insured's standard policies must contain minimum levels of liability coverage that are specified by the insurance company in order to add an umbrella policy, and therefore, greater liability coverage.
- umbrella personal liability policy—umbrella personal liability policy translation A liability insurance policy that provides protection against damages not covered by standard liability policies such as la...Financial and business terms
- umbrella personal liability policy—страх. зонтичный полис страхования личной ответственностиu полис страхования ответственности с более широким страховым покрытием чем у обычного полиса страхования ответст...Англо-русский экономический словарь