Umbrella insurance provides additional liability coverage — over and above the limits on your auto and other personal liability policies. This extra protection is available in $1 million increments up to $10 million.
Did you know the average cost of a car accident requiring hospitalization exceeds $300,000 and it if results in a death it can exceed $1 million dollars. If your auto insurance does not cover the amount needed you might be liable for the remaining amount. An umbrella policy provides extra coverage in the event your policy limits are not enough to cover the cost of the accident.
You cause a 10 car accident and your auto insurance coverage isn't high enough to replace all 10 vehicles and your personal liability isn't high enough to cover the medical costs.
Your dog escapes the house and attacks one of your neighbors, they sue you to cover their medical bills, lost wages, and pain and suffering
One of your guests slips and falls down the stairs, she'll be okay but will end up needing back surgery and physical therapy. The cost of this care exceeds the limits of your homeowners policy.
You accidentally leave your bathtub running overnight and end up flooding your downstairs neighbors bathroom. Your renter's insurance does not cover the full costs of damage to their property
Your teenage throws a party at your house while you're gone, alcohol is brought to the party. Someone is arrested for driving under the influence and you are sued.
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