Umrella Insurance

Umbrella Liability

Umbrella Liability policies provide protection against catastrophic losses and can be written over your personal liability, auto liability, watercraft liability, and others. They provide 2 main functions. First, they provide higher limits of liability than the underlying policies and serve as excess limits. Secondly, they can provide protection (subject to exclusions and a self insured retention) against some claims not covered by the underlying policy. Umbrellas have become increasingly important as medical & legal costs increase. All families should consider umbrella liability protection, especially those with a large amount of assets.