What is a personal umbrella liability policy?
The personal umbrella liability policy is an insurance contract designed to accomplish two goals. First, it increases the liability protection beyond what the policy owner already has in his or her homeowners and automobile insurance policies. Second, the personal umbrella policy is designed to fill in the gaps in a policy owner’s liability coverage since several types of liability exposures exist that are not covered by automobile and homeowners policies. Together with homeowners and automobile insurance policies, broad personal liability protection is attained through the purchase of a personal umbrella policy.
• A: A California Personal Liability Umbrella Policy increases Liability Protection. It is generally purchased in million dollar increments. The coverage would be in excess of the underlying policies liability limits. The underlying policies could include automobile, homeowner’s, recreation or more.
A personal umbrella liability policy is used to increase your total liability protection. This separate policy acts as an umbrella over all of your other personal liability policies, home auto, boat, RV, etc. As a result, you have higher liability limits than would normally be available. In some cases the umbrella policy will afford liability coverage that is excluded from some of the other named policies. As an example, your umbrella policy will cover you for liability anywhere in the world, while your automobile policy will be restricted to the USA and Canada only.
The personal umbrella liability policy is an insurance contract designed to accomplish two goals. • First, it increases the liability protection beyond what the policy owner already has in his or her homeowners and automobile insurance policies. • Second, the personal umbrella policy is designed to fill in the gaps in a policy owner’s liability coverage since several types of liability exposures exist that are not covered by automobile and homeowners policies. Together with homeowners and automobile insurance policies, broad personal liability protection is attained through the purchase of a personal umbrella policy.
The personal umbrella liability policy is an insurance contract designed to accomplish two goals. 1. First, it increases the liability protection beyond what the policy owner already has in his or her homeowners and automobile insurance policies. 2. Second, the personal umbrella policy is designed to fill in the gaps in a policy owner’s liability coverage since several types of liability exposures exist that are not covered by automobile and homeowners policies. Together with homeowners and automobile insurance policies, broad personal liability protection is attained through the purchase of a personal umbrella policy.
