Umbrella Insurance

What is a personal Umbrella policy or Excess Liability?

A personal umbrella policy provides an extra layer of liability protection for your personal assets and future earnings. It is usually a very affordable policy. Your standard home, auto and boat policies provide a basic level of protection, but there is still the chance you could become financially liable for a judgement higher than the basic limits. The most common limits of liability on an umbrella range for $1,000,000 to $5,000,000.

Why do I need a Personal Umbrella?

An umbrella can help protect against catastrophic lawsuits or judgements. It can also help cover legal fees, libel and slander allegations and may even provide some coverage if you are on a not for profit board of directors. An umbrella or excess liability policy is one that adds that extra layer or blanket over your standard policies. An umbrella usually extends coverage worldwide as well.