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umbrella policy
noun
An insurance policy offering umbrella insurance.
Exact(43)
An umbrella policy adds coverage for unusual, but potentially expensive, incidents.
One way to ensure adequate liability coverage is to purchase an umbrella policy.
The cost of an umbrella policy is often quite low for the amount of coverage.
In this sense, it may be looked upon as an "umbrella policy" to fill in gaps in the insured's program.
When other insurance has reached its limit, an umbrella policy will pay claims up to the amount covered.
After the necessary home and auto policies, the most crucial thing is to have an umbrella policy that limits liability.
Similar(17)
The skate park is covered under the Y.M.C.A.'s umbrella insurance policy, he said.
At the time, the city told them it was confident it would eventually obtain an umbrella insurance policy covering all of them.
Other articles include a look at the conflicted feelings of the so-called 1 percent; how you can benefit from an "umbrella" insurance policy; staying flexible amid an uncertain tax planning outlook; and how to avoid getting seasick amid churning markets.
The Financial Samurai (www.financialsamurai.com) tackles a wide variety of topics, including why you should do your own tax return and why you might need an umbrella insurance policy when you have teenagers.
This is where liability, or umbrella, policies come in.
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