Corporate Four
 All   A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z   0-9 

Umbrella Liability Coverage

This type of liability insurance provides excess liability protection. Your business needs this coverage for the following three reasons:

It provides excess coverage over the "underlying" liability insurance you carry.
It provides coverage for all other liability exposures, excepting a few specifically excluded exposures. This is subject to a large deductible of $10,000.
It provides automatic replacement coverage for underlying policies that have been reduced or exhausted by loss.

Underinsured Motorist Coverage

Fills in when a negligent party doesn't have enough insurance to cover your loss or claim.

Underlying Limits

Associated with excess and umbrella coverages. Refers to the limit of the primary policy and where the umbrella or excess coverage begins. Most excess and umbrella policies have a required underlying limit.

Unearned Premium

The amount of the unused policy premium at the time of a cancellation or expiration relative to the policy term. For example, if the policy term is one year then the unearned premium at the six month point is 50% of the total premium. This is not an indicator of how much you'll get back if you cancel the policy because the total premium was partially based on the term.

Universal Life Insurance

A combination of term life insurance with a savings plan. This approach provides more flexibility as to the death benefit and insured contributions.


Insurance Savings from 17-39% Per Year
Jim Werdin_sized.jpg Call or click today and receive your customized protection proposal!

James Werdin, CIC
Business and Personal Insurance
Corporate Four Insurance Agency
7220 Metro Blvd.
Edina, MN 55439

jwerdin@corporatefour.com
952-746-3075




















Facebook

linkedin






Insurance News

Tue, 15 Jan 2019 23:51:01 +0000
Prime Minister Theresa May’s Brexit deal was rejected by Parliament in a hu...
Tue, 15 Jan 2019 20:44:55 +0000
CSAA Insurance Group has named Katherine Evans president of regulatory and ...
Tue, 15 Jan 2019 17:57:41 +0000
An Alabama-based chiropractor, who was accused in a scheme to conduct fraud...