What Does Personal Umbrella Coverage Cover? 

Personal umbrella insurance may provide financial coverage when your existing home or auto policy isn’t enough to pay a claim. It may help you handle unexpected situations that lead to costly claims, lawsuits or damages.

What is Personal Umbrella Insurance and What Does It Cover?

A personal umbrella policy may extend liability coverage beyond your standard auto, home or renters insurance limits. It’s designed to kick in when the costs from an accident, injury or lawsuit exceed what your underlying policies will pay. This coverage often applies worldwide, giving you an added layer of financial protection during international travel.

Most insurers require you to carry a certain level of auto or home liability coverage before you can add an umbrella policy.

Here are examples of what may be covered:

• A serious car accident where you’re found liable for injuries and property damage
• A guest injured at your home who files a lawsuit
• Medical bills for a neighbor’s child injured in your yard or pool
• Damage caused by your pet
• Libel or slander claims from something you wrote or posted online

Personal umbrella insurance has limits and usually won’t cover the following:

• Your injuries or property damage
• Business-related liability
• Intentional or criminal acts
• Liability assumed under a contract

How Much is Personal Umbrella Insurance?

Personal umbrella policies are usually affordable compared to the level of coverage they offer. Factors such as the amount of coverage you choose, the number of properties or vehicles you own and your risk profile influence your premium.

Personal Umbrella Insurance Near You

Diamond Insurance Agency can help you determine whether personal umbrella insurance is appropriate for your situation. Contact us today to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.