umbrella insurance
Definitions
A form of liability insurance that is in excess of specified other policies and also potentially primary insurance for losses not covered by the other policies. When an insured is liable, the insured's primary insurance policies first pay up to their limits, and then any additional amount is paid by the umbrella policy up to its limit.
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
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