A liability insurance policy that takes over where basic liability insurance policies leave off. An umbrella policy usually has a liability limit of $1 million or more, which is added on top of the limit for any other policy, such as a home owners policy that covers liability.
A policy that insures losses in excess of amounts covered by other liability insurance policies. In some instances, the policy may also protect the insured in cases not covered by the usual liability policy.
Type of liability insurance that provides general protection