That's called a hangnail. It's kind of a funny name, because it's really your skin that tears, not the nail. Hangnails are really common. But they still can hurt. And, if germs get in there, the skin can get infected.
For example, if you have $500,000 in liability insurance on your auto policy and a $1-million umbrella policy, youâll have a total of $1.5 million in liability coverage. If youâre looking for extra cash to afford the umbrella policy, Howard recommends raising your auto-and homeowners-insurance deductibles.
DEFINITION of 'Umbrella Personal Liability Policy'. A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts in a standard insurance policy. The umbrella policy provides extra protection in the event that a lawsuit exceeds the basic level of coverage in the standard policy. Next Up.