In a moment, a multimillion dollar lawsuit could erase the value of your home, car, property, investments, savings and income. An umbrella policy can protect your assets and prevent financial hardship, giving you broader coverage if you’re sued and peace of mind knowing you’re protected. To qualify for a personal umbrella policy you need to be a Safeco auto policyholder.
An example of a case where an umbrella policy would be useful would be if say, a pedestrian suddenly stepped out into traffic. A motorcycle darted into your lane unexpectedly. A guest falls and injures themselves on your property. You could be held responsible for unforeseen events like these, and the resulting lawsuit could threaten everything you’ve worked so hard to build. This is one reason so many people are turning to a personal umbrella policy for added protection and peace of mind.
Personal Excess Liability Coverage
Personal Excess Liability or Umbrella Coverage, provides coverage to protect your family and savings from significant losses. Personal Excess Liability coverage is for personal, non-business injury acts, such as slander, defamation of character or invasion of privacy. It also provides for legal defense costs of covered losses, even if a lawsuit is groundless.
Personal Excess Liability Coverage could be for you if:
● You have teenage drivers in your household;
● You often entertain at your home;
● You are on the board of a not-for-profit organization;
● You are a member of a homeowners association; or
● You travel often, especially out of the country.
Note: All of our personalized insurance carriers offer Umbrella Insurance Coverage