Many of the terms and concepts used in an auto insurance policy can be difficult to understand. The definitions in this car insurance glossary provide brief explanations of terminology beginning with Q or R.
Terminology Used in an Auto Insurance Policy- Umbrella Policy
An umbrella policy is insurance that provides additional liability coverage for losses that exceed the limits on a basic auto or homeowner’s policy. It also provides coverage for losses that may be excluded on the underlying auto or homeowner’s policy.
