For example,
a typical umbrella policy will cover you against liability claims related to your car and home insurance policies.
Typical umbrella policies are relatively inexpensive.
Not exact matches
In simple terms an
umbrella insurance
policy protects you from liability claims that exceed
typical insurance limits.
While a
typical boat liability insurance
policy caps at a limit of somewhere between $ 100,000 and $ 1 million, an
umbrella liability
policy can provide extra coverage with a much higher limit, such as $ 10 million worth of liability.
According to Frank Darras, a national consumer litigator who specializes in insurance,
umbrella insurance is designed to give homeowners added liability protection above and beyond the limits on a
typical homeowners
policy.
Shelter's
umbrella insurance provides additional coverage of $ 1,000,000 or more to further protect your assets when your
typical policies aren't enough.
When you compare the cost of a possible catastrophic liability claim to the price of a
typical umbrella insurance
policy, the price is surprisingly reasonable.
An
umbrella policy doesn't just raise your liability limits; it also extends your liability coverage to cover incidents that
typical insurance
policies may not cover.
Umbrella insurance, typically sold in $ 1 million increments, provides liability coverage beyond what
typical liability
policies provide.
In simple terms an
umbrella insurance
policy protects you from liability claims that exceed
typical insurance limits.