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Farm Umbrella Policy

Farm Umbrella Policy

Definition

Provides high limits of liability to protect an insured farmer against a catastrophic liability loss. This policy grants liability coverage that stacks on top of the primary liability coverage provided by the insured farmer's farmowners policy, personal auto, and any other scheduled underlying liability policy. It covers bodily injury (BI), property damage (PD), and personal injury (PI), which includes offenses such as libel, slander, false arrest, and invasion of privacy. The farm 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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