| Umbrella
Liability Coverage |
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This type of liability insurance provides excess liability
protection. Your business needs this coverage for the
following three reasons:
It provides excess coverage over the "underlying" liability
insurance you carry.
It provides coverage for all other liability exposures,
excepting a few specifically excluded exposures. This
is subject to a large deductible of $10,000.
It provides automatic replacement coverage for underlying
policies that have been reduced or exhausted by loss. |
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| Underinsured
Motorist Coverage |
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| Fills in when a negligent party doesn't have enough
insurance to cover your loss or claim. |
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| Associated with excess and umbrella coverages. Refers
to the limit of the primary policy and where the umbrella
or excess coverage begins. Most excess and umbrella
policies have a required underlying limit. |
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| The amount of the unused policy premium at the time
of a cancellation or expiration relative to the policy
term. For example, if the policy term is one year then
the unearned premium at the six month point is 50% of
the total premium. This is not an indicator of how much
you'll get back if you cancel the policy because the
total premium was partially based on the term. |
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| A combination of term life insurance with a savings
plan. This approach provides more flexibility as to
the death benefit and insured contributions. |
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| RETURN
TO TOP |
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