What does a personal umbrella do?
Personal umbrella insurance is a type of insurance designed to add extra liability coverage over and above another insurance policy, such as auto or homeowners insurance.
What does it cover?
A personal umbrella policy, sometimes referred to as umbrella insurance, is meant to help protect you from large and potentially devastating liability claims or judgments. Personal umbrella coverage comes into play when your underlying liability limits (such as from a homeowners or auto insurance policy) have been reached.
Who needs a personal umbrella policy?
Umbrella insurance can benefit almost anyone. That's because accidents that result in high costs can happen to anybody. An umbrella insurance policy can help prevent you from paying out of pocket for another person's medical or legal bills if you're found responsible. For instance, suppose you are found liable after a guest is injured while swimming in your pool or playing in your yard. Or, suppose you are found at fault for a car accident that injures another person. An umbrella insurance policy can help cover your resulting expenses in situations like this — up to your policy's limit.