Umbrella policy

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Umbrella policy

Insurance for exports of an exporter whose issuer handles all administrative requirements.

Umbrella Policy

An insurance policy that covers the policyholder for all claims that his/her other insurance policies do not cover. For example, if a health insurance policy only covers an individual up to $1 million, an umbrella policy would pay for all claims above that. Likewise, if an export insurance policy covers loss but not damage to the exports, an umbrella policy would cover damage. Umbrella policies exist to cover all possible contingencies for the policyholder that are not covered under other policies.
References in periodicals archive ?
Coverage for up to $300,000 in crisis management-related expenses may be available under Chubb's commercial umbrella policies.
Umbrella policies tend to provide more and wider coverage in many different countries, and legally, the corporation may enjoy worldwide jurisdiction to battle lawsuits.
The current economic environment provides insurance brokers with an opportunity-and arguably an obligation--to discuss personal umbrella policies with their clients.
Marindependent Insurance is also planning to provide stand-alone umbrella policies.
com)-- Ocean Beach Insurance Agency, a full service insurance agency specializing in auto insurance, homeowners insurance, condo insurance, renters insurance, motorcycle insurance, personal umbrella policies, and life insurance announces the grand opening of its new office located at 3650 Ocean Ranch Blvd.
There may be coverage gaps in general liability and umbrella policies that don't cover consequential financial loss arising from bodily injury.
based retail insurance operations of the ACE Group, has introduced easy approval for its ACE Umbrella policies for the hospitality and real estate industries.
The first step in doing this is to gather up all the current insurance you have such as home, car, health, life, personal property, dental and umbrella policies.
Mitch Freedman and Dan Morris discussed the importance of umbrella policies in an article published July 22 on Kiplinger.
Sections cover guiding principles of insurance, insuring vehicles, understanding homeowner's insurance, umbrella policies, and managing life, health, and disability benefits.
Most umbrella policies require that the underlying insurance have a coverage limit of at least $1,000,000.
Brown points out that umbrella policies give good value for companies that want to make sure they have ample coverage.