It is a policy designed to cover claims that exceed the underlying policies. For instance, if your auto insurance policy only covered up to $250,000 for bodily injury and you caused an accident that resulted in a death, you could very likely be looking at exceeding your auto insurance limit. An Umbrella policy would pick up where your auto policy stopped.
Posted: Tue Feb 15, 2011 10:52 pm Post Subject:
It is a policy designed to cover claims that exceed the underlying policies. For instance, if your auto insurance policy only covered up to $250,000 for bodily injury and you caused an accident that resulted in a death, you could very likely be looking at exceeding your auto insurance limit. An Umbrella policy would pick up where your auto policy stopped.
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