Is Umbrellaed a word?

Question

"Our company has a 1 million dollar policy but we are umbrellaed for 5 million."

Answer 1

In this case, they are using an adjective from the insurance industry and making a verb out of it.

Businesses generally have to have many kinds of insurance; for example, General Liability, Pollution Liability, Errors and Omissions, and so on. After a business gets the basic policies in all these areas, let's say each with a $1 million limit, it may then buy what is called an 'Umbrella Policy'.

An umbrella policy 'covers everything' (which is where the name comes from) to a higher limit - say the $5 million. How this works is the base policy covers all the claims for which it is liable. Then, if the claim exceeds the limit, the umbrella kicks in and pays the rest, up to its limit. This is much, much cheaper than having each individual policy going up to $5 million.

This is NOT a good English word, and falls into the category of jargon at best. Only someone familiar with the term would understand this, so it isn't really a good idea to try to coin this word - it should be restricted, if used at all, to internal use directed to people known to be familiar with the term.

Answer 2

I believe they are talking about an "umbrella" liability policy. Many individuals have these as well.

For example, if you own a home, car and boat, each of these policies has provisions that cover your liabilities in these areas up to the policiy limits. Many people (esp if they own a car, home, and boat) get an umbrella liability policy, say of 1 million dollars, on top of that. In this way, if they are sued for an amount higher than the base policy, the liability policy will protect their assets.

Answer 3

Not a common one, but I guess it is sometimes used.

Many people and/or companies are taking nouns and turning them into verbs, or making verbs into nouns. If the term gets used enough, it becomes part of the language. Ever hear of anyone getting RIFfed?

6. shaped like or intended to perform the function of an umbrella.
7. having the quality or function of covering or applying simultaneously to a number of similar items, elements, or groups: an umbrella organization; umbrella coverage in an insurance policy.

Answer 4

instead of the word "covered," they chose the synonym "umbrella-ed." that way, you have this picture in ur mind of an umbrella and what an umbrella does, protect u from rain. this is called "imagery."

it's in the dictionary as a transitive verb...

umbrella
One entry found for umbrella.


Main Entry: 2umbrella
Function: transitive verb
Inflected Form(s): -laed; -la·ing
: to protect, cover, or provide with an umbrella

Answer 5

Im not sure about the spelling but it makes sense in the sentence.

Answer 6

u a dumb cluck