What Does Umbrella Insurance Cover?

 

Umbrella insurance is designed to give one added liability protection above and beyond the limits on homeowners, auto, and watercraft personal insurance policies. With an umbrella policy, depending on the insurance company, one can add an additional 1-5 million in liability protection.

 

The Personal Umbrella Policy protects you from major claims and lawsuits in two ways:

 

1. Provides additional liability coverage above the limits of your homeowner's, auto, and boat insurance policies.
2. Provides coverage for claims that may be excluded by other liability policies including:

   -  False Arrest;
   -  Libel;
   -  Slander; and
   -  Liability coverage for rental units you own.

This protection is designed to “kick-in” when the liability on other current policies has been exhausted.