Bumbershoot Policy


Definition of "Bumbershoot policy"

John Carey real estate agent
John Carey, Real Estate Agent Coldwell Banker American Homes

Liability insurance coverage, primarily for shipyards for ocean marine risks, provided in much the same manner as umbrella liability insurance for nonmarine risks. Coverages may be provided in addition to liability include protection and indemnity insurance, longshoremen and harbor workers act liability, collision, and salvage expenses.

 

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