What is Umbrella Insurance? | PROPERTY-CASUALTY Exam Prep

Umbrella insurance is excess liability coverage that provides additional protection beyond the limits of underlying policies (auto, homeowners), typically in $1 million increments. 📚 Learn more about Umbrella Insurance and other key terms for your PROPERTY-CASUALTY exam at Open Exam Prep. 🎯 This term appears on: PROPERTY-CASUALTY 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Umbrella Insurance definition: https://www.open-exam-prep.com/glossary/umbrella-insurance 💡 Exam Tip: Umbrella = excess liability + drops down for gaps. Very cost-effective. Requires underlying minimums! --- #insurance #examprep #financeexam #property-casualty