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An umbrella policy is a form of personal liability insurance that is designed to extend the standard coverage provided by your underlying policies — including your home insurance policy, renters ...
Umbrella insurance: Umbrella policies may help pay liability claims after your personal liability insurance reaches its limit. For example, if a court awards an injured person $500,000 after ...
An umbrella policy adds liability protection beyond your existing homeowners insurance policy and generally applies once your homeowners liability limits have been exhausted.
Excess insurance is similar to umbrella insurance in that it pays after an underlying primary policy is exhausted. The critical difference is that excess policies are normally "follow form" policies that conform exactly to the coverage of the underlying policy, except that they add on their own excess limit which is then stacked on top of the primary policy's limit.
Umbrella insurance extends your liability coverage. Here’s how to buy it.
HO-3 policies: These are the most common homeowners insurance policy type and include all the basic coverage types. The key difference between HO-3 and HO-2 policies is that an HO-3 policy covers ...
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