What is Personal Umbrella Insurance?
Your homeowners, renters, auto or boat insurance already provide some level of personal liability insurance. But the cost of property damage, injuries to others and resulting lawsuits can easily exceed the limits of those policies. If you are sued because of injury or property damage to others, you could be forced to pay a legal judgment that could be devastating to your current assets and future earnings.
Personal umbrella insurance provides extra personal liability coverage that helps protect you from major claims and lawsuits beyond the limits of your homeowners, renters, and auto policies as well as beyond the limits of policies covering your motorcycle, motorhome, and boat. Umbrella policies typically provide $1 to $5 million in additional liability protection after the limits on your other policies have been exhausted.