A Personal Umbrella Liability policy provides protection for large liability claims rising out of your auto, home, or personal activities. It adds further protection to you in the event your underlying liability limits are exhausted by an injury claim made against you. Being involved in a large liability lawsuit happens more frequently than you might think. Not only are judgements often high but the cost of defending yourself can be astronomical. If someone gets hurt on your property when you are not home, you could be held liable. If your vehicle slides across the center line severely injuring or killing the occupants of an on-coming vehicle, you could be held liable.
Further, you could be facing a claim such as medical bills, lost wages and pain and suffering. This amount could considerably exceed primary policy limits. Umbrella coverage gives you the additional coverage you need to make sure that you and your family are not held personally liable. Importantly, umbrella coverage can also contain additional Uninsured or Underinsured (UM/UIM) motorist coverages. Because UM and UIM coverages are literally the most important coverages to own for you and your family’s protection, you simply cannot have enough of it. And while umbrella coverage brings you and your family a good deal more in the way of protection, in can be surprisingly inexpensive.