[masraum]

Originally Posted by drcoastline

I am in the insurance business and deal with umbrellas on a regular basis. You are asking two separate questions.

Stomachmonkey's answer regarding the question in your post is correct.

Your title is a completely separate question. An Umbrella is policy is over and above your underlying auto, home, boat, RV, etc. policies. If you have a $300,000.00 auto liability policy and a $1,000,000.00 umbrella policy and are sued for $1.5 Million and lose the case. Your auto will pay $300K, Umbr $1M. you pay the $200K or could be ordered to liquidate assets to pay the balance.

That's the short answer.

Yeah, I understood everything above, and my question is concerning the $200k that goes above the various insurance policies, what can be forced out of you to have that paid?