umbrella insurance

noun

Definitions

  1. A form of liability insurance that is in excess of specified other policies and also…

    A form of liability insurance that is in excess of specified other policies and also potentially primary insurance for losses not covered by the other policies. When an insured is liable, the insured's primary insurance policies first pay up to their limits, and then any additional amount is paid by the umbrella policy up to its limit.

The neighborhood

Vish — recursive loop

No curated loop yet for umbrella insurance. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA