Personal Umbrella Insurance
What is Covered?
Although homeowners policies provide liability coverage for injuries or property damage for which you are legally liable, this coverage is limited. You can buy additional liability protection through a separate umbrella policy. Umbrella policies provide higher insurance limits (frequently of $1 million and higher) as well as expanded protection for a variety of losses. The coverage on an umbrella policy becomes effective if you are sued for an amount greater than the limits of your auto or homeowners policy.
In addition to protection for bodily injury and property damage claims against you or a family member, coverage may be provided if you are sued for false arrest, wrongful eviction, libel, slander, etc. Policy provisions vary so be certain you receive a full explanation of coverage. The cost of personal umbrella insurance is relatively low.