Umbrella Insurance | What Is Umbrella Insurance?

what is umbrella insurance coverage

Umbrella Insurance; What It Is and Covers

With all types of insurances available today, it can be quite confusing. Policies are sometimes difficult to understand. What is umbrella insurance? Umbrella insurance is a safety net. Umbrella insurance refers to a liability insurance policy that protects your assets and future income of a policyholder above and beyond the regular limits of their primary policies. When all other policies are totally exhausted, umbrella insurance is able to jump in and fill in the gaps. It is old increments of one million dollars, and usually costs $ 250.00 a year and up. Its major function is to protect the insured from liability in a lawsuit.

It provides additional liability coverage above the limits of auto, homeowners, boat and personal insurance. It can also include, but is not limited to slander, false arrest, libel and invasion of pri... http://life-insurance.ucoz.com/news/what_is_umbrella_insurance_coverage/2013-06-14-3461