DeFranco-Merrill Insurance, Inc. 5215 Wilson Avenue S.,Seattle, Washington 98118
Phone: (206) 723-1680
Toll Free: (866) 723-1680
Fax: (206) 725-3416

Glossary

 
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Umbrella Policy
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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