What does Bumbershoot mean? Read on to discover the definition & meaning of the term Bumbershoot - to help you better understand the language used in insurance policies.
An excess liability coverage for insureds with major wet marine exposures. The policy covers both nonmarine and maritime liability exposures that is, protection and indemnity, general average, collision, sue and labor, and general liability hazards.
We hope the you have a better understanding of the meaning of Bumbershoot.