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.
For more information on personal liability insurance or to locate a
company offering coverage visit our specialist site below.