What type of risks may an umbrella policy cover that are not included in the underlying policy?

An umbrella policy is designed to provide additional liability coverage beyond what is offered in underlying policies, such as homeowners or auto insurance. This type of policy typically covers a range of risks that may not be included in the standard underlying policies.

Non-owned aircraft and personal injury claims are examples of liabilities that an umbrella policy often provides coverage for. Standard insurance policies may exclude certain high-risk exposures like injuries sustained on someone else's property or claims arising from the use of non-owned aircraft, which an umbrella policy can cover. This added layer of protection enhances overall liability coverage, extending to these specific scenarios that are not included in the basic underlying policies.

In contrast, options like only property damage claims or workplace injuries are typically covered by related specific insurance types rather than requiring supplemental coverage through an umbrella policy. Similarly, while natural disasters and thefts might be addressed under certain conditions in underlying policies, they are generally not the additional risks covered specifically by an umbrella policy.