Personal Liability / Umbrella – Frequently Asked Questions

Considering Purchasing a Policy?

Some of your Questions:

Q. What is Umbrella Insurance?

An umbrella policy provides additional liability coverage or “excess liability” above the limits of your basic policies. It can protect you from bodily injury liability claims and property damage liability claims in excess of your home, auto and other auxiliary policies. Umbrella policies also provide a broader form of coverage.

Q. What Does Umbrella Insurance Cover?

Umbrella insurance covers legal fees, judgement fees and court fees in the case of a lawsuit being brought against you whether you are found at fault or not. The umbrella coverage kicks in once the limits on the appropriate policy are exhausted. For example, if you’re in an accident and another party is seriously injured and sues you. Your auto liability coverage may not be enough and that is where the umbrella would start its coverage.

Q. Why Do I Need Umbrella Insurance Coverage?

Umbrella policies are designed to protect your future. They protect your home, assets and retirement savings in the case of being sued and the underlying policy doesn’t have enough coverage. The real question isn’t why but rather who doesn’t need umbrella coverage.

Q. Is Umbrella Coverage Affordable?

Umbrella policies are extremely affordable. The minimum coverage of $1,000,000 is as low as $200. Measuring that against the assets it covers such as homes, rentals, autos and more, there may not be a better deal in insurance.