What is personal excess liability insurance?
This is coverage that protects you from the unthinkable – being sued for an unfortunate mishap. It is also called Personal Umbrella Liability and Personal Catastrophe Coverage. There was a time when this type of coverage was considered necessary only for the highly affluent. Unfortunately, because today lawsuits are all too common and aren’t restricted to the wealthy, personal excess liability policies are becoming much more necessary. When evaluating your insurance, one of the first things we’ll do is ask you if your liability insurance is sufficient to protect assets like your home in the event of a lawsuit.
This is coverage that protects you from the unthinkable – being sued for an unfortunate mishap.
While most homeowners and automobile policies provide basic coverage, personal excess liability increases your protection and also fills in the gaps between liability, home and auto coverage. It provides protection whether you’re at home, away, or in your car; it extends an umbrella of liability coverage over you for any (non-business) activities you may engage in.
This type of insurance can vary widely from company to company. Ellis Insurance can help assess the limits of your liability coverage in your home and auto policies and help determine the appropriate liability protection for your exposure.
For more information please contact us today.