Think of umbrella insurance â sometimes called excess liability insurance â as a failsafe for your savings and other assets. If youâre sued for damages that exceed the liability limits of your car insurance, homeowners insurance or some other coverage types, an umbrella policy helps pay what you owe.
Bilateral treaties, by contrast are negotiated between a limited number of states, most commonly only two, establishing legal rights and obligations between those two states only. The United Nations Convention on the Law of the Sea and the Geneva Conventions are the examples of multilateral treaties.
Part of a series on the. History of the Cold War. The Strategic Arms Limitation Treaty (SALT) were two rounds of bilateral conferences and corresponding international treaties involving the United States and the Soviet Unionâthe Cold War superpowersâon the issue of armament control. The two rounds of talks and agreements were SALT I and SALT II.