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Resources Insurance Dictionary Umbrella Liability Policy - Definition of the Insurance Term Umbrella Liability Policy
Umbrella Liability Policy
A coverage affording high-limit coverage in excess of the limits of the primary policies as well as additional liability coverages. These additional coverages are usually subject to a substantial self-insured retention. The umbrella policy pays up to a predetermined limit (usually $1 million) for liability claims made against you or your family.
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