States available: Washington, D. Eligibility requirements: You must have underlying policies with at least the following limits:. Eligibility requirements: Requirements vary by state. Generally, your underlying policies must meet the following minimums:. States available: All 50 states and Washington, D.
Eligibility requirements: Minimum limits for underlying policies vary by state. Eligibility requirements: You must have a Liberty Mutual auto policy with at least the limits below. Homeowners, dwelling, watercraft, farmer's personal liability or general personal liability.
Eligibility requirements: All vehicles and your primary home must be insured through Nationwide with at least the following limits:. Eligibility requirements: Minimum liability limits for underlying policies vary by state.
Eligibility requirements: The following limits apply to underlying policies:. Homeowners, renters or rental property. The more you have to lose in a lawsuit, the more umbrella insurance might be worth to you. Those with more assets or greater potential earnings tend to benefit most from an umbrella policy. You may also want to consider umbrella insurance if your lifestyle puts you at increased risk of injuring others and being sued for example, you have a swimming pool or go hunting regularly.
Say you get into an accident and cause more damage to other vehicles than your auto liability coverage will pay. However, your umbrella policy could provide additional coverage if you exceed the liability limit on that policy. Keep in mind that some insurers won't cover certain dog breeds and sizes. How umbrella insurance works. What does umbrella insurance cover? Do you need an umbrella insurance policy?
How much umbrella insurance do you need? How much does umbrella insurance cost? How to buy umbrella insurance. Show More. What is umbrella insurance?
Umbrella insurance usually covers. Major ouch. Umbrella insurance covers you for lawsuits and very expensive claims. Umbrella insurance will cover you if you lose these lawsuits. If you get into an accident and the repair costs exceed the liability on your auto insurance, umbrella insurance kicks in to cover the rest of the costs. It can even cover you if you rent equipment. For example, if you rent a Jet Ski and you lose control and smash the dock, your umbrella insurance may help you with the repair costs.
So, if you thought driving your motorbike into the pool was a good idea you were trying to ramp over it , right? You need a flood insurance policy for that. Now, if you accidently flood your apartment, and your neighbors sue you for the damages you cause to their apartment, umbrella insurance will help with that lawsuit.
If you hire workers through a construction company, they should have their own insurance. Sometimes, however, you sign a contract that makes you responsible for the workers. Read the disclosures carefully. What is the value of the assets, i. What is the value of your future assets, i. How much liability coverage do you have on your auto, home or boat policies? If your job involves greater exposure to risks, do you need your own protection if you are sued personally because of a work related incident?
Do you participate in recreational activities that put you at greater risk? Do you have teenage drivers in your household? NOTE: This information is only a general description of the available coverages and is not a statement of contract.
All coverages are subject to all policy provisions and applicable endorsements. Some coverage may be subject to individual insureds meeting underwriting qualifications and to availability within a state.
Personal umbrella insurance typically doesn't cover other business-related liabilities such as a malpractice lawsuit, or losses in connection with your paid position as an officer or member of a governing board of a for-profit organization.
Criminal or intentional actions. A personal umbrella policy usually won't protect you from the consequences of your own intentionally harmful or illegal behavior — for example, restitution you owe if you're convicted of a crime or damage you intended to cause through your actions.
Personal umbrella insurance typically won't protect you from any liability that arises in connection with an oral or written contract you've entered. So, if you find yourself facing a lawsuit from someone you've hired to work on your home, for example, it's unlikely that your umbrella insurance would provide protection. Umbrella insurance is sometimes referred to as excess liability protection, but these are actually two different types of insurance. Not all insurers offer excess liability coverage.
These policies only provide coverage for the same risks as your underlying policy and come with the same exclusions. For example, if you have excess liability coverage on your homeowners insurance policy, you'll likely have additional protection if you are found responsible for a visitor's injuries at your home.
However, you probably would not have coverage for a libel or slander settlement, because defamation is not a risk covered by standard homeowners liability insurance. Meanwhile, a personal umbrella policy typically provides greater liability coverage for situations covered by your underlying policy, as well as protection for other risks. For example, umbrella insurance can help pay for a libel or slander judgment against you, while a standard homeowners liability coverage, even if you have excess liability coverage, probably will not.
A local agent can answer questions about personal umbrella policies so you can decide whether having additional liability coverage makes sense for you. Have questions about personal umbrella policies? Ask an agent! Retrieve a saved quote. Skip to main content Explore Allstate. Popular Searches. Allstate We help customers realize their hopes and dreams by providing the best products and services to protect them from life's uncertainties and prepare them for the future.
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