Personal Umbrella Insurance
Personal Umbrella Insurance Information
Large Limits of Liability
Umbrella protection is available with coverage limits up to $5,000,000 or more, depending on underwriting.
Personal Injury Protection
Provides protection against claims or suits brought against you, such as: libel, slander, false arrest, mental anguish, defamation of character, invasion of privacy, false imprisonment and wrongful eviction.
Care, Custody and Control
Provides protection for property you are renting or borrowing.
Court cases can quickly cost large amounts of money. An umbrella policy can protect you from personally incurring these expenses.
Provides coverage for losses that occur outside of the country. For example, if you rent a vehicle in another country and get into an accident, you may not have proper coverage unless you have a personal umbrella policy.
What is personal umbrella insurance?
Standard home, auto, and boat insurance policies are an important step in your financial planning and a great way to protect your family’s assets. But, there is still a chance that you can become financially liable for a sum larger than what your policies will cover. For instance, say you have a fire in your home, and it spreads to destroy your neighbor’s property. Your homeowners insurance will cover your own property up to the dwelling limit and you would be liable for your neighbor's damages. Does your home insurance policy include enough liability coverage to pay for the damages? If not, you may want to consider a personal umbrella policy.
What are the benefits of personal umbrella insurance?
Umbrella insurance can protect your assets if you are held liable for property damage or bodily injury. It can also help cover legal fees, false arrest, libel or slander, and may even provide coverage if you sit on a board of directors. If you are sued and do not have enough coverage all of your assets are exposed. This can include your house, car, financial and retirement accounts, and future income. Think of umbrella insurance as a blanket policy that adds another layer of coverage on top of your basic policies.