personal umbrella policy
Provides high limits of liability to protect an insured against a catastrophic
liability loss. This policy grants liability coverage that stacks on top of
the primary liability coverage provided by the insured's homeowners, personal
auto, watercraft, and any other scheduled underlying liability policies. It
covers bodily injury (BI), property damage (PD), and personal injury (PI), which includes offenses
such as libel, slander, false arrest, invasion of privacy, and others. The umbrella
policy also fills some gaps in coverage over a specified deductible (often called
a retained limit) in the underlying policy.
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