Personal excess liability policy

If you are ever sued, your standard homeowners or auto policy will usually provide you with liability coverage, which pays for judgments against you and your attorney's fees. However, in this litigious world we live in, you may want to have an extra layer of liability protection. That's what a personal umbrella liability policy provides. It kicks in when you reach the limit on the underlying liability coverage in a homeowners, renters, condo or auto policy. An umbrella policy will also cover you for things such as libel and slander. If you feel insecure with the amount of insurance you have, then you should consider purchasing a personal umbrella liability policy. For about $150 to $200 per year you can buy a $1 million personal umbrella liability policy. The next million will cost about $75 and $50 for every million after that. Because the personal umbrella policy goes into affect after the underlying coverage is exhausted, there are certain limits that must be met in order to purchase this coverage:

• Homeowners Liability - typical minimum required - $300,000
• Auto Insurance Liability - typical minimum required
  
  $250,000/bodily injury per person
  $500,000/bodily injury per occurrence
  $100,000/property damage

Real Cases -Real Awards

A young child and his friend were playing with a pellet gun. They thought it was empty. The friend was injured and was awarded $500,000. The homeowners liability limit was only $300,000. Uninsured loss $200,000.

A pedestrian was jay walking. The road was icy. The insured hit the brakes but could not avoid the pedestrian. Settlement was $295,000.The insured’s auto policy covered $100,000 bodily injury each person. Uninsured loss $195,000.

We could tell you more...dog bites, trip and falls and serious automobile accidents. Don’t let it happen to you. Protect your family today. Call and ask about our competitive protection programs.

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