IRMI on Personal Umbrella Insurance

Course Description
This course provides an introduction to personal umbrella insurance. Because insurers use a wide variety of personal umbrella insurance forms, this course does not concentrate on one single form. Rather, it highlights the characteristics typical of personal umbrella forms in general, and it mentions many of the variations that appear in different policies.

Specifically, the course provides an overview of personal umbrella liability insurance, illustrates various ways of looking at the consumer needs that are addressed with personal umbrella insurance and explains why an umbrella is usually the best way to meet those needs, and examines the structure of the personal umbrella policy and the specific coverages available. The course also provides an overview of the personal umbrella market including underwriting, pricing, and selling umbrella policies.

This course will equip students to meet seven educational objectives—an understanding of the following basic concepts.

  • The nature of personal umbrella insurance
  • Why a consumer might buy a personal umbrella policy
  • How a typical personal umbrella policy is structured
  • The coverages, exclusions, and conditions of a typical personal umbrella policy
  • Personal umbrella endorsements
  • Personal umbrella underwriting
  • Selling personal umbrella coverage

By IRMI
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference services. IRMI publications are considered the ultimate authority by leading insurance practitioners and even federal appellate courts when interpreting insurance coverage. Use the knowledge you gain from IRMI CE courses with confidence, knowing they are written by seasoned insurance professionals who employ diligent quality assurance standards to provide the most up-to-date, practical, and reliable information possible.

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