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Accidents happen and lawsuits sometimes follow. Of course, your auto and home insurance helps protect you - up to your policy limits if you have a covered loss. But what if your legal liability exceeds your policy limits? Or someone sues you for a claim that's not covered by your other policies? That's where a personal umbrella policy can help. A personal umbrella policy works with your existing liability coverage to give you additional protection. Auto and Homeowners policies don't cover certain types of incidents, like those alleging slander. But a personal umbrella policy does, as well as a variety of claims not covered by other policies. You're protected no matter where you are, even when you're out of the country. If you're sued over a covered incident, the policy will retain and pay for an attorney to represent you. If you have a covered claim, you won't have to pay out of your own pocket first. You'll also be reimbursed when you have to miss work to appear in court, up to the limits your policy specifies. Is a Personal Umbrella right for you?
Do you have a home, a boat, savings or investments? All this and more could potentially be at risk if you're sued. You may also want to consider an Umbrella if you have a young driver in your household, volunteer in the community, or bear an increase risk of liability for any other reason.
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