What is personal umbrella insurance?

Personal umbrella insurance is extra coverage when you need it most. Your umbrella policy extends your liability limit in the event of a lawsuit resulting from a liability claim. Essentially, it’s a protective layer of coverage over what you already have.

It’s true that your existing policies, like homeowners and automobile, have a degree of liability coverage. But if you have substantial assets, your basic policies may not be enough to protect against personal liability lawsuits—which have dramatically increased over the years. Such a lawsuit can greatly tax your resources and affect your financial well-being. A personal umbrella policy safeguards your assets by giving you $1 million or more in coverage.

What does personal umbrella insurance offer?

$1 million to $5 million in extra coverage for everything from auto or watercraft accidents to damage to another person’s belongings in your care.

• Worldwide liability coverage.
• Coverage for personal injury suits, resulting from libel, slander, false arrest, invasion of privacy, or wrongful eviction.
• Defense coverage, in the event you need to respond to a lawsuit.
• Above all, personal umbrella insurance offers peace of mind.