GENERAL KNOWLEDGE

Detailed explanation-1: -What is an umbrella insurance policy? Umbrella insurance policy is the extra liability insurance as the primary role is to cover liabilities that the existing policy can’t/don’t cover. They help protect assets and, as such, are suitable for people with a huge quantum of expensive assets.

Detailed explanation-2: -Umbrella liability insurance provides an extra layer of protection against bodily injury and/or property damage. Essentially, it picks up where your business auto liability, general liability or other liability coverage stops.

Detailed explanation-3: -An umbrella policy is a policy that provides excess limits and gives additional excess coverage over the normal limits and coverage of liability policies. The umbrella policy fills gaps in coverage under basic liability policies.

Detailed explanation-4: -Ozone layer refers to the region of the Earth’s atmosphere, which has a relatively higher concentration of ozone. This layer is also called ozone layer/umbrella because it acts as a shield and prevents the propagation of harmful ultraviolet radiation to the Earth’s surface.