Dec 132021
An umbrella policy (Excess Policy) basically covers what your primary insurance does not. If your primary insurance doesn’t have enough coverage to cover something, the umbrella policy will take up the slack. Think of it as an actual umbrella over your other insurances; if it rains you will not get wet. Umbrella policies can go over both personal and commercial policies. Underwriting may sometimes require you to have the maximum insurance coverage on your primary in order to be covered by an umbrella.