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A $1 million umbrella that provides extra coverage for a home and auto policy will likely cost less than a $1 million umbrella that covers a home policy, an auto policy, a vacation home policy and ...
For those risks that are left uncovered by primary policies but are covered under the umbrella policy, the latter is said to "drop down" to cover them as primary insurance and fill in the gaps in the underlying policies. [1] Hence, the "umbrella" nomenclature is a reference to the broader coverage of the policy.
Umbrella insurance extends your liability coverage. Here’s how to buy it.
Parts of an umbrella [2]. The word parasol is a combination of the Latin parare, and sol, meaning 'sun'. [3] Parapluie (French) similarly consists of para combined with pluie, which means 'rain' (which in turn derives from pluvia, the Latin word for rain); the usage of this word was prevalent in the nineteenth century.
Leung So Kee is a handmade umbrella store with a wide range of umbrellas and repairing service, from sun umbrella to mini folding umbrella. It offers custom-made umbrella services, which took about four hours to finish. The most expensive umbrella sold by Leung So Kee costs HK$1,380. The umbrellas of Leung So Kee are still handmade.
A price umbrella, also known as the umbrella effect, is a pricing effect often created by a dominant company, in which competing firms can find buyers as long as they set their price at or below the level of the dominant one. [1] [2] This may not apply if the competing firm's products are inferior.