survey, most of the losses were not covered by the underlying policy ("drop-down"), while in 2013 most were in excess of the underlying. Examples of liability that an umbrella policy may cover that a homeowner's policy often excludes include: False arrest Invasion of privacy Libel Slander History Umbrella policies began to be sold in 1949, and became popular in the 1960s, and coverage details changed in various ways over the next several decades. Citations Liability insurance