An umbrella adds liability limit above your home, auto and watercraft policies, so a large claim is less likely to reach your savings and future income.
What it generally covers
- Higher liability limits above your underlying policies
- Some claims your underlying policies do not cover, subject to exclusions
- Defense costs, depending on the policy wording
Where gaps often hide
- Umbrellas commonly require minimum underlying limits
- They do not cover your own property
- Business activities and some other risks are often excluded
Questions worth asking
- What underlying limits are required?
- What is excluded?
- How does the limit relate to my assets and exposure?
General information only. Actual coverage depends on your policy, and coverage is not in force until confirmed in writing by the agency.