PERSONAL
UMBRELLA
Insurance
Umbrella insurance provides extra protection when you face substantial liability that exceeds the limits of your existing insurance policies. Like an umbrella, it covers gaps in your coverage, offering additional financial support.
For example, if you're in a big car accident and need to cover replacement and medical costs, umbrella insurance can help in these extra costs. Instead of just having your normal auto or home insurance coverage.
Personal umbrella insurance is a type of liability insurance designed to provide additional protection beyond the limits of your standard insurance policies, such as auto, home, or boat insurance. It acts as an extra layer of coverage for major claims or lawsuits that could potentially exceed the limits of your primary insurance policies.
Here’s a closer look at what personal umbrella insurance covers:
Excess Liability Protection: It covers costs that go beyond the limits of your primary policies, such as medical expenses, legal fees, and settlement amounts.
Broader Coverage: It often includes protection for claims not covered by standard policies, such as certain types of lawsuits related to libel, slander, or false arrest.
Legal Defense Costs: It can cover the cost of legal defense, which can be substantial even if you are not found liable.
Coverage for Incidents Abroad: It may extend coverage to incidents that occur outside your home country, depending on the policy.
Peace of Mind: It provides an extra layer of security against significant financial loss from unexpected events or lawsuits.
Carriers
