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American Insurance Agency

 

Umbrella Insurance

Umbrella insurance refers to a liability insurance policy that protects the assets and future income of the policyholder above and beyond the standard limits on their primary policies.

 

It is distinguished from excess insurance in that excess coverage goes into effect only when all underlying policies are totally exhausted, while umbrella is able to “drop down” to fill coverage gaps in underlying policies.

 

The term “umbrella” is used because it covers liability claims from all policies underneath it such as general liability, auto liability, and employee liability.

 
Did you know? You can get coverage even if you have experienced losses