What is Umbrella Insurance?
A personal umbrella policy (PUP), also called umbrella insurance, provides extra liability coverage beyond your standard home or auto insurance. It helps protect you and your household from large, potentially devastating claims or judgments. In short, umbrella insurance steps in when your regular liability limits are reached, giving you added peace of mind and protection.
Personal umbrella policies are optional, but they provide extra protection when you need it most. For example, if you’re at fault in a car accident, your auto insurance may cover up to $250,000 in liability. But if the injured driver has a high-paying job and can’t work for months, they could sue for $1 million. A personal umbrella policy can help cover the difference, protecting your assets and giving you peace of mind.
Personal Umbrella Policies provide extra liability protection for a wide range of situations, covering losses you may be legally responsible for anywhere in the world. This includes:
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Bodily Injury: Medical expenses, lost income, and funeral costs for others injured in an accident
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Personal Injury: Claims like false arrest, invasion of privacy, libel, slander, or defamation
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Property Damage: Physical damage to someone else’s property, including the loss of its use
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You and your spouse
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Any person named on the Policy Declarations
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Any relative or dependent living with you
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