When the Worst Occurs: Personal Umbrella Insurance

An In-Depth Look at an Important Personal Liability Coverage

$8.00 + your state filing fee
4 Credit Hours

This course favors P&C insurance agents but is applied as general credit for all agents.

COURSE DIFFICULTY

Basic
This course covers the following topics:
  • Discuss the details of the personal umbrella insurance policy
  • Examine personal umbrella insurance coverages, exclusions, and conditions
  • Discuss some of the situations where this kind of coverage could apply.

Summary

What happens if an unexpected accident occurs and the court finds an insured is at fault? Do they have enough liability insurance to cover the costs if a court of law finds them at fault for negligence? Estimates show thousands of people are sued for more than $2,000,000 per year due to losses related to their homes, businesses and automobiles. Personal umbrella insurance is a type of liability coverage that protects the assets and income of a policy owner beyond the limits set on a primary automobile, homeowners or watercraft insurance policy. In this course, we will discuss the details of the personal umbrella insurance policy, its coverages, exclusions and conditions, and some of the situations where this kind of coverage could apply.

Outline

1. Introduction

  • 1.1 Purpose of the Course
  • 1.2 Common Terms and Definitions
  • 1.3 Who Needs A Personal Umbrella Policy?
  • 1.4 Summary
  • Chapter 1 Quiz

2. Umbrella Insurance and the Law

  • 2.1 Overview
  • 2.2 Two Categories of the Law
  • 2.3 Two Types of Civil Law
  • 2.4 Torts
  • 2.5 Types of Negligence
  • 2.6 Liability Insurance
  • 2.7 What an Umbrella Insurance Policy Provides
  • 2.8 Common Coverage Amounts
  • 2.9 Summary
  • Chapter 2 Quiz

3. Insurance Provisions

  • 3.1 Overview
  • 3.2 Declaration Page
  • 3.3 Insuring Agreement
  • 3.4 Definitions
  • 3.5 Personal Injury Defined
  • 3.6 Defense, Settlement, and Court Costs
  • 3.7 Limit of Liability
  • 3.8 Summary
  • Chapter 3 Quiz

4. Additional Coverage

  • 4.1 Policy Conditions
  • 4.2 Policy Exclusions
  • 4.3 Additional Coverages and Endorsements
  • 4.4 Summary
  • Chapter 4 Quiz

5. Conclusion

  • 5.1 In Conclusion

Exam

  • Final Exam

FAQ

Q: What should I expect from this online course?

A: We use a unique system to help you learn the material easily. Our online courses present you with information in large type that is easy to read. We highlight key items in gray and quiz you after each chapter to make sure you are learning critical information. You may review the material as much as you want before taking your required online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

Q: Can I print my online course materials and test questions?

A: According to the state authority, it is not permissible to print or download any course material or exam questions. However, you are free to access all online courses from our website anytime.

Q: How long does it take to complete an online course?

A: The time required to complete an online course varies from student to student, but it roughly approximates the number of credit hours awarded for the course. You must pass an online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.