What An Umbrella Policy Typically Covers
Lawsuits against individuals are common and can sometimes reach devastating levels. While your Personal Auto and Homeowner/Condo Unit Owner/Renter policies may provide coverage to help with these costs, it doesn’t take much for certain lawsuit amounts to exceed the limits of those policies. For example:
- You cause an auto accident that permanently disables another driver.
- Your pet dog bites a child, causing physical and psychological harm.
- Your son or daughter is accused of cyber bullying, resulting in a defamation lawsuit.
- You accidentally injure someone while boating or hunting.
These are just a few examples of the types of personal liability lawsuit situations that tend to result in very severe lawsuit amounts. A Personal Umbrella policy protects you in these situations by providing an extra layer of liability coverage over that provided by your other personal insurance policies. The Personal Umbrella insurance policy increases certain limits to $1 million or more, providing the extra coverage that can help secure individuals and families from severe liability costs.