Auto Insurance Houston
English Insurance Carriers

Texas Umbrella Insurance


Umbrella insurance refers to liability insurance that is in excess of specified other policies and also potentially primary insurance for losses not covered by the other policies.



When an insured is liable to someone, the insured's primary insurance policies pay up to their limits, and any additional amount is paid by the umbrella policy (up to the limit of the umbrella policy).

Excess insurance is similar in that it pays after an underlying primary policy is exhausted, but is different in that it 1) normally applies to only one underlying primary policy and 2) covers only those losses that are covered (up to policy limits) by that primary policy. For example, if the primary policy does not cover liability due to pollution, the excess policy does not either. But an umbrella policy may cover pollution liability from the first dollar in addition to liability of other kinds that is simply beyond the primary policy's limit. The policy is said to "drop down" to cover the pollution liability as primary insurance and fill in the gaps in the underlying policies.

The "umbrella" nomenclature is a reference to the broad coverage of the policy.

Personal umbrella policies are typically made excess of a person's homeowner's and automobile insurance. A commercial umbrella policy may be based on a commercial general liability (CGL) primary policy.

Examples of liability that an umbrella policy may cover that a homeowner's policy often excludes include:

  • False arrest
  • Libel
  • Slander
  • Invasion of privacy

(Source:Wikipedia)

 Footer
  Personal Insurance
Auto Insurance Houston
Home Insurance Houston
Condo Insurance Houston
Renters Insurance Houston
Motorcycle Insurance
Boat Insurance Houston
Flood Insurance Houston
Health Insurance
Life Insurance
Texas SR-22 Insurance
Texas RV Insurance
Texas Umbrella Insurance
Commercial Insurance
Commercial Auto Insurance
General Liability Insurance
Commercial Property Insurance
Tenant Liability Insurance
Landlord Risk Insurance
Texas Workers Compensation Insurance
Texas Garage Liability Insurance
Texas Auto Dealer Insurance

Surety & Fidelity Bonds
Auto Dealer Bond
Auto Title Bond
Dishonesty Bond
Tax Bond
TABC Liquor Bond
License & Permit Bond 
Links
HAR.com
HCAD.org
Bankrate.com
DMV.org
Texas.gov 
 

© 2010 ABC Insurance Services Inc, All rights reserved.
8811 Westheimer Ste 211, Houston, Texas 77063 | (Phone) 800-374-9227 | (Fax) 713-785-2711

Free Houston Texas Insurance Quotes
 Privacy Policy