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What does a personal umbrella policy cover?

A personal umbrella policy acts as last line of liability defense in the event the limits of your underlying policies, (Think Auto, Home, Boat, etc) are used up.

Let’s say you get sued for $1,000,000.

Your homeowners insurance has a limit of $500,000. So after your homeowners insurance pays you still are obligated for an additional $500,000.

If you don’t have an umbrella that payment is on you (Think sell your house, assets, retirment, etc).

If you have an umbrella policy (Standard limit is $1,000,000) the umbrella will come in and provide coverage for the additional $500,000 that you owe.

Watch this video “What does a personal umbrella policy cover?” for more details:

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This is video #47 of a one hundred insurance video series that The Murray Group is producing to provide insurance consumers with quick, valuable answers to their everyday insurance questions.

If you have additional questions regarding personal umbrella insurance or if you would like to discuss and receive a quote for a personal umbrella insurance policy use the link below:

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Disclaimer: This article is for informational purposely only. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.

created by Ryan Hanley