What is “Umbrella” insurance?

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PostPosted: Tue Feb 15, 2011 10:51 pm   Post subject: What is “Umbrella” insurance?  

What is “Umbrella” insurance?
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PostPosted: 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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