Palmer & Associates
78 Eastern Blvd
PO Box 536
Glastonbury, Connecticut 06033
Phone: (860) 633-3567
Toll Free: (800)989-7256
Umbrella Policy
Umbrella Policy (Glossary Word)
A liability policy with high limits. Provides coverage for losses above the liability coverage limits of an underlying policy or policies such as homeowners and auto insurance. Coverages are often broader than those underlying policies and vary from insurance company to insurance company. Unlike the underlying policies a deductible, or retention, is usually applied to a loss before a loss payment.
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