Umbrella Policy provides additional liability protection once the
underlying liability coverage in a homeowners, renters, condo or
auto policy is exhausted. It is excess liability protection
that provides coverage, not normally available in the underlying
policy. For example, libel and slander lawsuits. In
addition, it also pays for judgment against you and attorney's fees
up to the specified policy limit.
In a litigious society, increased litigation costs can easily
exhaust normal liability limits of a home, renters, condo or auto
policy. In a depressed economy, people are more likely to
pursue claims; sue and go for full judgment. A Personal
Umbrella Policy can help protect your personal assets and "future
Some Common Scenarios:
- Texting and driving has become as severe as
drinking and driving. How many drivers do this now?
Even the best driver can get distracted and cause an
- Dog bites make up more than a third of
homeowners insurance liability claims paid out in 2011 costing
nearly $479 million, according to the Insurance Information
- A homeowner hosts a weekend barbeque at their
home and a friend/neighbor slips, falls and gets injured on the
premises. The neighbor may sue the homeowner for damages
including medical expenses.
- Friends come over to swim in your pool and a
guest accidentally drowns.
- The tenant of your rented home, falls down a
flight of stairs; gets hurt, injured and permanently disabled due
to a loose handrail.