Liability Insurance Protects You Against
Liability Insurance or Personal Umbrella Liability Policy
Often called an umbrella because it is carried over all other liability insurance and is used for a catastrophic loss when primary liability insurance is exhausted. This policy adds $1,000,000 ($2,000,000 to $10,000,000 available) extra coverage to your personal liability and automobile liability policies. Coverage is provided for you, your spouse and any relatives living in your household and insured by your primary policies.
This policy is designed to cover catastrophic situations where a legal award could exceed the limits of you primary liability insurance. This policy also included coverage if you are sued for false imprisonment, wrongful eviction, libel, slander, defamation of character or invasion of privacy.
There are many factors to consider when calculation a premium: the state in which you live, the number of liability exposures you have (cars, drivers) etc. Usually the best rates occur when the customer insures both auto and home with the same insurance company and the personal umbrella liability policy. This is a requirement for many insurers offering umbrella coverage.
This policy is designed to cover catastrophic situations where a legal award could exceed the limits of you primary liability insurance. This policy also included coverage if you are sued for false imprisonment, wrongful eviction, libel, slander, defamation of character or invasion of privacy.
There are many factors to consider when calculation a premium: the state in which you live, the number of liability exposures you have (cars, drivers) etc. Usually the best rates occur when the customer insures both auto and home with the same insurance company and the personal umbrella liability policy. This is a requirement for many insurers offering umbrella coverage.
