Personal Umbrella Insurance

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One lawsuit can change everything

If someone is injured on your property, or because of an accident you caused, you’ll likely be held liable. And, what if the settlement or judgment costs you more than what your home or auto policy covers? How will you pay?

Standard homeowners and auto policies provide only minimal liability coverage, which can put the cumulative value of your home, vehicles, savings and investments at risk.

A Personal Umbrella policy provides extra liability protection by extending the limits of your auto, home or boat policies. Should you be named in a lawsuit, a personal umbrella policy will cover defense costs, attorney fees and other charges associated with a lawsuit that exceeds the limits of your basic policies.

More detail

Owning several homes, having multiple drivers, a trampoline or employing domestic staff all increase your risk of being targeted in a lawsuit. Affluent families and individuals are especially vulnerable. The greater the wealth, the more likely you are to be targeted in a lawsuit.

Did you know that if the judgment or settlement extends beyond your current assets and insurance limits, you could be required to pay based on your potential, future earnings? Anyone with established assets will benefit from a $1M to $10M Personal Umbrella policy.

Contact a HUB broker to get started.

Your Personal Umbrella Policy: What’s covered and what’s not?

Offering protection from life’s unexpected storms. Get your questions answered here.

How much will the Personal Umbrella policy cover?

A Personal Umbrella policy kicks in once your basic liability policy limits have been exhausted, or if the claim is excluded from your basic policy. Once the limits of your Personal Umbrella Policy are exhausted, you’re responsible to pay the remainder of the claim out of pocket.

If you’re found not responsible, does the Personal Umbrella policy still pay your legal expenses?

Yes. A Personal Umbrella policy will defend you, even from a frivolous lawsuit.

What’s covered by a Personal Umbrella policy?

Legal defense fees
Attorney fees
Monetary judgments/settlements
Medical bills, including therapies
Lost wages for the injured
International Coverage

What’s NOT covered?

Injury to the insured. A Personal Umbrella policy only covers bodily injury or property damage to others, not yourself.
Intentional acts. If you harm or injure someone intentionally (not including self-defense), the resulting claim will not be covered by a Personal Umbrella policy.
Business actions. Personal Umbrella policies do not cover you in business, even if you’re the business owner. Instead, business liability policies exist for this purpose, including: Directors and Officers Insurance, Employment Practices Liability Insurance, General Liability Insurance, Professional Liability Insurance and more.

What types of claims fall under Personal Umbrella coverage?

Bodily injury
Property damage
Accidents
Libel
Slander
Defamation of character
Invasion of Privacy

70%

of umbrella claims are AUTO related - the result of uninsured, underinsured and distracted drivers -- 25% from talking on the phone or texting while driving.