Homeowners
A serious injury on your property could result in a liability claim that exceeds the limit of your homeowners policy.
Personal insurance
Personal umbrella insurance
Additional liability protection when the limits of an underlying home, auto or other eligible policy are not enough.
An added layer of liability protection
A serious accident or lawsuit can exceed the liability limits provided by a home or auto policy. Personal umbrella insurance may provide additional liability coverage after the limit of an applicable underlying policy has been reached.
It may also help with certain defense costs or liability claims, depending on the policy. Coverage, requirements and exclusions vary by carrier and policy.
Who should consider an umbrella policy?
Umbrella insurance is not only for wealthy households. It may be worth reviewing when a large liability claim could put your savings, property or future earnings at risk.
Drivers
A severe auto accident can involve substantial injuries, property damage and legal expenses.
Households with young drivers
Teenage and inexperienced drivers may increase a household’s liability exposure.
Rental property owners
Owning residential rental property may create liability exposures beyond those of a primary residence.
Recreational vehicles or watercraft
Boats, ATVs, snowmobiles and similar property may create additional liability concerns, subject to policy eligibility and requirements.
Savings and future earnings
A large judgment could affect more than current savings. Future income may also be part of the financial risk.
How an umbrella policy works
An underlying policy responds first
The applicable home, auto or other underlying policy responds according to its terms and limits.
The underlying limit is reached
A covered liability claim may exceed the amount available under that underlying policy.
The umbrella may provide additional coverage
The umbrella policy may respond above the underlying limit, subject to its own terms, conditions, limits and exclusions.
Important details to review
- Required underlying liability limits
- Which homes, vehicles, drivers, rentals, watercraft or recreational vehicles must be listed
- Whether every underlying policy meets the umbrella carrier’s requirements
- Coverage territory
- Defense costs
- Policy exclusions
- Any business or professional activities that require separate coverage
What umbrella insurance generally does not replace
An umbrella policy does not replace home, auto or other underlying insurance. It generally does not cover damage to your own home, vehicle or personal property. Business activities, professional services, intentional acts and other exposures may also be excluded or require separate insurance.
Exact coverage depends on the selected policy and carrier.
Is an umbrella policy worth reviewing?
Tell us about your household, vehicles, property and other liability exposures. We can help you determine what information is needed to review your options.