Umbrella Insurance Policies: Should You Have One?

What is Umbrella Insurance?

Personal umbrella insurance is a type of insurance policy designed to add extra liability coverage over and above another insurance policy, such as auto, boat, or homeowners.

The extra coverage applies when the liability limits of the above policies have been reached.

It also provides coverage for claims that may be excluded under other liability policies.

What is Covered?

Umbrella insurance typically covers:

• Bodily Injury claims arising from automobile accidents that are your fault, e.g. your dog biting someone, slip and falls in your home or injury to a third party occurring at your home;
• Property damage to another's tangible property arising from an automobile accident, your dog damaging another's property and damage caused to another by your child;