Umbrella / Excess Liability Insurance
Excess Liability insurance, often referred to as an Umbrella policy, provides additional protection for you in case a judgement against you exceeds the liability limits of your existing auto or homeowners policy. The most that can be purchased for homeowners policies is $500,000 or $250,000 per person while auto insurance is limited to $500,000 per accident.
This may not be enough protection in today’s lawsuit frenzied environment. Umbrella insurance increases your personal liability limits by adding amounts ranging from one to five million dollars above your current auto, boat or home coverage.
Excess Liability also covers some things not covered in your homeowners policy, such as libel, as long as it is not specifically excluded from your umbrella policy.
- Protection for covered claims by others for personal injury or property damage caused by you, members of your family/household, or hazards on your property for which you are legally liable
- Personal liability coverage for occurrences on or off your premises
- An additional layer of protection above your primary auto policy against auto-related liabilities
- Protection against non-business related personal injury liabilities such as slander, libel, wrongful eviction or false arrest
- Legal defense costs for a covered loss. Lawyer fees and associated court costs are covered
- Worldwide coverage- no matter where you go, with the only exception being situations involving foreign ownership of dwellings or cars