Accidents involving common, everyday activities may result in a worst-case scenario. Being held legally liable for injury to another person or damage to their property could exhaust your home or personal auto policy liability limits, and cause financial ruin to your family. A personal umbrella policy works hand in hand with your existing underlying insurance, adding a layer of liability limits to protect you in today’s litigious society.
A personal umbrella liability policy offers vital coverage benefits, and for a relatively inexpensive premium compared to the amount of coverage purchased. Talk to your local independent agent to find out how a personal umbrella allows you to obtain:
- protection for claims for losses not covered by an underlying policy
- worldwide coverage
- rental car, special events and liquor liability coverage
- coverage for libel, slander, defamation or invasion of privacy
- coverage for loss of earnings while settling a claim
Review your insurance plan regularly, and seek your agent’s coverage recommendation.
An umbrella liability policy may be especially appropriate when you have certain exposures:
- Is there a potential hazard in your backyard? Swimming pools, trampolines and other meant-to-be-fun gear can cause serious injuries.
- Do you own a pet? When left unattended or without adequate safety controls, some pets become scared and aggressive. You could be held liable if your pet bites a neighbor or passer-by.
- Are there any young drivers in the family? Inexperienced drivers are at higher risk of being involved in auto accidents.
- Do you own a boat? Lawsuits can result from all sorts of water-related accidents, such as skiers being towed from your boat or from another boat. Improper and unsafe personal watercraft use accounts for most watercraft liability accidents.
- Do you have adequate auto insurance liability limits? Most standard auto policies insure you, your resident family members and those who use your car with permission. The possibility of a serious loss – and the need for umbrella coverage – is there.
These are just a few situations where you could be held responsible for claims for loss that exceed the liability limits provided by your personal auto or homeowner policy.
Some optional coverages can be added to your umbrella policy; speak with your agent about your specific situation. You may be eligible for:
- Employment Practices Liability Coverage
- Not for Profit Directors and Officers Liability Coverage (Not for profit organizations.)
- Excess Uninsured and Underinsured Motorist Coverage
- Uninsured/Underinsured Liability Coverage for non-auto related situations
- Pre- and Post Interest on Judgments
A personal umbrella liability policy protects your financial assets and can make the difference in your ability to meet your responsibility to reimburse others for their injury or damage.
Coverages described here are in the most general terms and are subject to actual policy conditions and exclusions. For actual coverage wording, conditions and exclusions, refer to the policy or contact your independent agent.