Insurance Lesson

Umbrella Liability

A personal umbrella liability policy, sometimes called a PUP or a PUL, is a policy that increases the liability limits of the underlying policies, usually the home and autos. This is a way to purchase limits more than what your auto policy or home policy can offer. Umbrella policies are typically in the range of 1-5 million but can go as high as needed for an appropriate premium.

Lesson Script

What This Video Covers

A personal umbrella liability policy, sometimes called a PUP or a PUL, is a policy that increases the liability limits of the underlying policies, usually the home and autos. This is a way to purchase limits more than what your auto policy or home policy can offer. Umbrella policies are typically in the range of 1-5 million but can go as high as needed for an appropriate premium.
Keep Learning

Related Insurance Video Lessons

Insurance Terms to Know

Actual Cash Value

Actual Cash Value is the estimated value of property at the time of loss after depreciation for age, condition, wear, and useful life is deducted from replacement cost.