UMBRELLA (PERSONAL EXCESS LIABILITY) INSURANCE

Umbrella insurance provides additional liability coverage that can help protect assets such as your home, car and boat.  It can also help cover defense costs, attorney fees and other charges associated with lawsuits.   Think of umbrella insurance as taking the coverages that you currently have with your home insurance and auto insurance and expanding them to a much higher limit.

Umbrella insurance coverage helps protect you from the costs of covered claims when those costs exceed the limits of your home insurance or car insurance policies.

An umbrella policy can help cover defense costs when you are being sued for damages to someone else’s property or injuries caused to others in an accident.

Whether it’s a serious car accident involving extensive medical bills or an incident on your property, you may quickly find yourself responsible for damages that exceed the limits of your auto, homeowners or bot policies. That’s when having an umbrella insurance policy can provide coverage that goes beyond the limits of your primary coverage.

Umbrella insurance can help provide coverage for:

• $1 million to $50 million of liability, which can help protect assets such as your home, car and boat.
• Claims like libel, slander, defamation of character and invasion of privacy.
• Legal defense costs like attorney fees and other charges associated with lawsuits.
• Liabilities that happen outside the United States.

An umbrella insurance policy is a valuable addition to any auto, homeowners or other policy for extended personal liability protection.

In today’s world, anyone can face a lawsuit, even if you’ve done nothing wrong. That’s why it’s more important than ever to consider adding an umbrella policy as an extra layer of protection for your assets – and your peace of mind.

Generally, damage to your own personal property is not covered under a personal umbrella policy.

Other examples of coverage not included in a typical umbrella policy are:

• Business losses. Damage to your business property or losses related to the running of your business generally would not be covered by a personal umbrella policy. This exclusion applies even if your business is operated out of your home. Consider purchasing business insurance if you need this type of coverage.
• Intentional acts. A personal umbrella policy isn’t designed to protect you from liability connected with your own intentionally harmful behavior; for example, if you intentionally harm a visitor to your home.

Umbrella policies are typically very affordable and can be a great way to help protect yourself against the potentially devastating costs of major claims that exceed the limits of your primary home and auto policies.