Personal Umbrella Insurance

A personal umbrella policy protects both you and your family from the severe financial hardship that could occur if a claim or judgment far exceeds the limits set by your existing insurance policies. It offers an additional layer of protection if you’re found liable for causing bodily harm or property damage.  

What Is Personal Umbrella Insurance? 
Suppose a claim or judgment goes beyond the limits set by your current insurance policies (e.g., home, auto). In that case, you could be on the hook for costly expenses, including legal fees, medical expenses and property damages. Personal umbrella insurance can be used to increase these limits. Typically, personal umbrella insurance comes with a $1 million limit, but higher limits are also available.  

Although the majority of covered claims can likely be resolved within your existing policy limits, personal umbrella insurance is a way to guarantee additional protection.  

Consider the following protections commonly included in a personal umbrella policy:  

• Bodily injury, including medical costs, funeral expenses and lost wages
• Personal injury caused by false arrest, invasion of privacy, libel, humiliation or defamation of character
• Property damage or the destruction of someone else’s property resulting in the loss of use
• Legal fees in the event that an accident leads to a lawsuit against you or your family