What is a personal umbrella liability policy?
The personal umbrella liability policy is designed to increase your liability protection. This single policy acts as an “umbrella” over all your other personal liability policies – home, auto, boat, RV, etc – so you have a higher personal liability limit than what would otherwise be available. In certain circumstances, an umbrella policy may provide personal liability coverage that is otherwise excluded from your other policies. For example, an umbrella policy provides coverage anywhere in the world, whereas your auto policy usually provides coverage in the US and Canada only.
A. The personal umbrella liability policy increases your liability protection. This single policy acts as an “umbrella” over all of your other personal liability policies – home, auto, boat, RV, etc. – so that you have a higher personal liability limit than what would otherwise be available. In certain circumstances, an umbrella policy may provide personal liability coverage that is otherwise excluded from your other policies. Q. How do I know if I need a personal umbrella liability policy? A. It used to be that the only people who needed an umbrella policy were those who stood to lose a sizable amount of assets in the event of a lawsuit. However, in our increasingly litigious society, even people with modest incomes and assets may be the subject of a large lawsuit. Umbrella policies can provide additional asset protection because they have much greater coverage limits than homeowner or automobile policies. Contact your agent to discuss your specific needs and determine whether a perso
The personal umbrella liability policy is designed to increase your liability protection. This single policy acts as an “umbrella” over all of your other personal liability policies — home, auto, boat, RV, etc. — so you have a higher personal liability limit than what would otherwise be available. In certain circumstances, an umbrella policy may provide personal liability coverage that is otherwise excluded from your other policies. For example, an umbrella policy provides coverage anywhere in the world, whereas your auto policy usually provides coverage in the US and Canada only.
