An excess liability policy provides $1,000,000 increments of liability protection for you and your resident family (or your business, if it's a commercial excess policy).
If you should be the subject of a major lawsuit, the umbrella policy will provide additional defense and protection for judgments once your primary, or underlying liability limits have been exhausted.
Limits begin at $1,000,000, but higher amounts are available for two million, five, ten, and higher for some people. Talk to us about your needs.
The "underlying limits" shown below refer to levels of coverage required of your existing (personal) policies, before an umbrella takes over the defense expenses or judgments.
In addition, since many umbrella policies provide broader coverage than your primary policies, they may cover gaps that exist in your primary policies, subject to a small retention (corridor, similar to a deductible), usually $500 or $1,000.
AutomobileUnderlying required: |
WatercraftUnderlying required: |
Home/PersonalUnderlying required: |
UmbrellaThe cost of an umbrella policy generally ranges between $150 and $250 per year for first $1,000,000, depending on your personal situation. |
An umbrella policy provides more liability coverage than your home and auto policies provide.
Home & auto insurance both offer liability coverage to protect you against lawsuits.
Umbrella policies vary in price depending on how many homes you own, how many cars you own, how many drivers in your household, how many youthful drivers, etc. The price can be as low as $150 and the umbrella policy is added to your homeowners policy.
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