What is the term used for insurance policies that extend the limits of your coverage?

The term that refers to insurance policies designed to extend the limits of your coverage is "umbrella." An umbrella policy provides additional liability coverage above and beyond the limits of your other existing policies, such as home, auto, or boat insurance. This broader coverage is beneficial because it can help protect you from significant financial loss in the event of a lawsuit or unfortunate incident that exceeds your standard policy limits.

An umbrella policy not only adds an extra layer of protection but often comes at a lower cost compared to increasing coverage limits on your underlying policies. It's particularly useful for high-net-worth individuals or businesses that may be exposed to risks with higher potential liabilities.

Supplemental coverage typically refers to additional policies or endorsements that provide coverage for specific risks not included in the primary insurance policy, but they may not necessarily extend overall limits. Excess coverage is similar to umbrella coverage but usually applies only to specific types of risks rather than providing a blanket increase in coverage across different types of policies. General liability is a standard insurance policy that covers basic risks but does not extend your total coverage limits as an umbrella policy does.