umbrella insurance

Insurance that is supplemental, providing coverage that exceeds the basic or usual limits of liability.

— Also termed bumbershoot insurance. [Cases: Insurance 2110, 2394.]

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词条贡献者

译者张文，国际知名商学院金融专业，擅长翻译各种与结构性融资及衍生品诉讼相关的法律文件。