Umbrella insurance is additional insurance providing protection beyond the existing limits and coverages of your other insurance policies. Things that umbrella insurance can provide coverage for include property damage, injuries, personal liability situations, and certain lawsuits.
The purpose of having an umbrella insurance policy is to help protect your future and your assets in two key ways:
When your homeowner, boat, and automotive insurance policy limits are surpassed, umbrella insurance may provide coverage.
Claims that may be excluded in other liability policies, including items such as slader, libel, false arrest, and liability coverage on rental units you own, may be covered by an umbrella insurance policy.
Providing coverage beyond the limits of your other insurance policies and for claims that a liability policy may not cover, is the cornerstone of umbrella insurance. Umbrella insurance generally provides liability coverage for:
Damage to property
Personal liability situations