Personal Umbrella Insurance
What Is Umbrella Insurance?
Personal umbrella insurance provides an extra layer of liability coverage above and beyond the limits of your standard home, auto or renters insurance policies. If you are sued for damages that exceed your basic liability limits, a personal umbrella policy kicks in to cover the excess costs, up to the higher umbrella limit. This affordable insurance protects your assets and future earnings. A Personal umbrella policy gives you a bigger liability shield and greater peace of mind.
What Does a Personal Umbrella Policy Cover?
- Bodily injury liability - Covers costs if you are sued for injuries to someone else
- Property damage liability - Covers costs if you are sued for damage to someone else's property
- Personal liability - Covers claims like libel, slander, false arrest, invasion of privacy
- Legal defense costs - Pays for attorneys if you are sued
- Excess liability claims - Kicks in when you exhaust the liability limits on underlying policies
Personal umbrella insurance policies can provide high liability limits, often $1 million or more, to protect you from costly lawsuits.