Umbrella policy

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 ?
Understanding the concept of uninsured/underinsured motorist coverage and how an umbrella policy enhances the limits of uninsured/underinsured coverage can help those like Joe protect against such huge losses.
Multi-policies with the same insurer, such as a car, home or umbrella policy
In addition, only 12 percent of parents surveyed have an umbrella policy, which provides liability coverage in excess of standard home and auto policies.
An umbrella policy can protect consumers from losses that may not be covered by their other insurance policy.
Additional 10 percent discount available for Firm Partner Group Personal Umbrella policy.
Instead of buying policies in each country where a company does business, an umbrella policy, also known as a controlled master program, carries many advantages, says Alejandro Marmorek, managing director at Aon Risk Solutions.
He said plaintiffs' attorneys won't be able to advise clients in 45 days whether to accept an offered settlement because that's insufficient time to see if the defendant has other assets, an umbrella policy exists, or there are other alternatives.
During this time, they consistently carried an automobile liability insurance policy with limits of $250,000 and an umbrella policy with $3 million limits, both issued by American National.
Sometimes personal injury coverage can be endorsed onto a homeowners policy, or a personal umbrella policy may provide protection.
It was reported meanwhile that the Interior Ministry is set to file a Court claim against traffic police officer, Konstantin Ivanov, who revealed the umbrella policy of the institution towards traffic violations committed by its donors.
Hogan, whose umbrella policy was inadequate if he carried one at all, Edmonston said, was on the liability hook following an August 2007 car accident in which his son, John Bollea, left passenger John Graziano with brain injuries.
3 (ANI): Government officials, civil society representatives, academicians and farmer representatives from north eastern states today urged the Central Government to create an umbrella policy to subsidize and support ecological fertilization in agriculture.