Why is an Umbrella Policy So Important?
The Personal Umbrella Policy is your safeguard when your primary policy's limits are exhausted. Specifically, the Personal Umbrella Policy "drops down" with extra protection over your homeowner's and personal auto policy. At a time when litigation is at its greatest, it's beneficial to have this added protection for you and your family.
Coverages:
- Bodily Injury and Property Damage Claims.
- Personal Injury Liability Claims (such as false arrest, malicious prosecution, libel, slander, defamation of character or invasion of privacy)
- Legal Defense Costs (once your primary insurance policy limits are exhausted)
- All of this coverage extends to losses that occur anywhere in the world.
Who is Covered Under this Policy?
You, your spouse and the following individuals are considered "insureds" under an Umbrella Policy:
- Any relatives that may be residing with you;
- A resident of your household who is under 21 years of age and in your care; and
- Any ward or foster children residing with you and in your care.
