Umbrella Liability

An Umbrella Liability policy increases and broadens liability coverage, filling in gaps left by other coverages, protecting the insured against catastrophic losses.  The umbrella policy serves three purposes:  1) it provides excess limits when the limits of underlying liability policies are reached by the payment of claims;  2) it drops down and picks up when the aggregate limit of an underlying policy is exhausted by the payment of claims; and  3) in some situations it provides protection against some claims not covered by the underlying policies.