answersLogoWhite

0

What is umbrella insurance?

User Avatar

Wiki User

βˆ™ 2016-02-25 07:32:20

Best Answer

Umbrella insurance is extra liability insurance. It is designed to help protect you from major claims and lawsuits and as a result it helps protect your assets and your future. It does this in two ways: Provides additional liability coverage above the limits of your homeowners, auto, and boatinsurance policies.

User Avatar

Wiki User

βˆ™ 2016-02-25 07:32:20
This answer is:
User Avatar
Study guides

Nutrition

21 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

➑️
See all cards
4.42
β˜†β˜…β˜†β˜…β˜†β˜…β˜†β˜…β˜†β˜…
12 Reviews
More answers
User Avatar

John Perry Insurance

Lvl 5
βˆ™ 2020-12-28 06:42:04

Umbrella insurance is an alternative security that offers extra coverage of liability beyond that of the homeowners or car insurance policy. Your home or auto plans kick in first if the unexpected occurs and you are sued, and your umbrella insurance protects the excess until the limits have been hit.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is umbrella insurance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What kinds of insurance does Personal Umbrella Insurance cover?

Personal Umbrella Insurance covers what your regular insurance doesn't. The most common types are car and home insurance.


What exactly is umbrella insurance?

This is a very good question. Umbrella insurance is a type of insurance that covers personal property and the future income of the policy holder. It is a different type of insurance.


Is umbrella insurance worth it?

One of the most cost-efficient ways to cover your family and properties is umbrella insurance. To see typical situations in which umbrella insurance can come in handy, take a look at these potential risks.


Exactly what insurances are covered by an umbrella insurance policy in the US?

Umbrella insurance is basically an extra liability insurance. It protects people from lawsuits. If someone's liability insurance doesn't cover all the expenses for their home, boat, or car, umbrella insurance helps cover more of it.


What does Farmers Insurance offer?

Farmers Insurance offers auto insurance, home insurance, renters insurance, life insurance, business insurance, motorcycle insurance, recreational insurance, financial insurance and umbrella insurance, which helps protect everything you've worked hard for (not your umbrella).


What are the benefits of a commercial liability umbrella insurance?

Commercial liability umbrella insurance has many benefits to the company. The liability umbrella insurance is pretty inexpensive compared to other coverage policies. It also provides better protection and coverage.


Which company's logo is an umbrella?

Travelers is the corporate logo which is a red umbrella. They are an insurance company.


Can you get umbrella insurance with a different company than your personal auto insurance?

yes


If you have a living trust and a umbrella insurance policy can the trust be sued.?

If you have a living trusts and an umbrella insurance policy can the trust be sued in an auto accident.


What are the benefits of personal umbrella insurance?

Personal umbrella insurance is a personal liability policy that kicks after your other insurances have been exhausted. If you are sued for $1 million for a car accident and your auto insurance will only pay up to $300k, your personal umbrella policy will pay the remaining sum (assuming your umbrella policy is large enough).


Where can one find more information about Umbrella liability insurance?

There are multiple websites you can look at to read reviews about Umbrella liability insurance. You may also go to their website for more information.


Why would one need to consider an umbrella insurance policy?

An umbrella policy was created to provide additional coverage when a lawsuit brought over injuries and/or property damage that you cause exceeds the liability limits on your car insurance, home insurance, boat insurance, etc.

People also asked