Umbrella policies pay only after the limits of underlying coverage, such as auto or homeowners policy, have been exhausted.

Name: Umbrella policies pay only after the limits of underlying coverage, such as auto or homeowners policy, have been exhausted.
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

Umbrella policies are designed to provide additional liability coverage beyond the limits of the insured's homeowners, auto, or watercraft insurance policies. They kick in only after the primary insurance policy's limits are exhausted.

Umbrella Policies Pay Only After the Limits of Underlying Coverage