umbrella insurance
A form of liability insurance that is in excess of specified other policies and also…A form of 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, the insured's primary insurance policies first pay up to their limits, and then any additional amount is paid by the umbrella policy up to its limit.
Meaning
1 senses(uncountable)A form of 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, the insured's primary insurance policies first pay up to their limits, and then any additional amount is paid by the umbrella policy up to its limit.
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable