Personal Umbrella Liability
In MD, DC, VA and some surrounding areas.
Liability insurance covers you when you or your family
members are the cause of the bodily injury or property
damage of others. Your Homeowner’s insurance provides
a minimum of $100,000 liability coverage, and your Auto
insurance typically provides a maximum as low as $50,000
per accident. You may purchase higher of limits of liability
coverage for both Homeowner’s and Auto insurance,
because the maximum limits available ($500,000) may not be
enough protection in today’s litigious society,
where million dollar judgments have become the rule.
WHY BUY A PERSONAL UMBRELLA LIABILITY
- You would be covered in the event that a judgment
against you exceeds your Homeowner’s or Auto
- You would have protection for damages in the case
of libel and other situations specifically excluded
by your Homeowner’s and Auto insurance.
- Your assets, which could be sold because of an
uncovered judgment, would be protected.
- Your earnings, which could be garnished because
of an uncovered judgment, would be protected.
PERSONAL UMBRELLA LIABILITY COVERAGES
- Personal injury or property damage caused by you
or members of your family, including hazards on your
property for which you are liable.
- Personal liability coverage for incidents that occur
on or off your premises.
- Additional protection limits above your Auto policy
against auto-related liabilities.
- Protection against non-business related personal
injury liabilities including slander, libel, wrongful
eviction or false arrest.
- Coverage for the legal defense costs of a covered
- Protection world wide—you receive coverage
no matter where you go. The only exception is for
situations involving foreign ownership of dwellings
HOW MUCH PERSONAL UMBRELLA
COVERAGE DO YOU NEED?
Questions you should ask yourself when considering your
- What are your current earnings, and how much do
you expect your earnings to rise?
- What is the value of your current assets?
- What will the value of your future assets be?
- Are you involved in activities that put you at greater
- Are your children teenaged? Do they drive?
Your agent will help you determine the coverage amount
that works best for you.
This description of coverage is
not an insurance contract. Your policy is the contract
that specifies and fully describes your coverage. Conditions
and exclusions will apply. Not all coverage described
is available in all states.