Personal Excess Liability Insurance / Umbrella Insurance

At MAX we pride ourselves on our ability to protect our clients in all aspects of their lives—making our personal excess liability insurance a crucial component to your insurance strategy.

What is Umbrella Insurance?

An Umbrella insurance policy shields your assets more broadly than primary coverage and provides an umbrella for you to stand under. These days liability issues are everywhere and you never know what could cause someone to present you with a lawsuit. Generally speaking, personal excess liability insurance can protect you from serious liability issues that go beyond the liability limits of standard insurance policies, such as your homeowner’s insurance, car insurance, etc. This policy literally puts you under its umbrella so that when you exceed the liability coverage limits on a particular insurance line, you will still be protected.

What does Umbrella Insurance cover?

Most liability coverage that rests within your existing insurance policies only covers bodily injury and property damage to others. At MAX, our enhanced personal excess liability insurance policies will extend those limits to not only provide additional coverage for bodily injury and property damage, but also to cover things that are not listed under regular liability allowances. Every policy is different, so what is considered a covered liability issue under one insurance line may not be covered on another insurance line. Umbrella insurance kicks in when these situations present themselves and/or you exceed the amount of liability coverage for the events that are already allowed under your regular insurance policies.

Why should you purchase Umbrella Insurance?

You may not think you need umbrella insurance, but what happens to you and your family’s assets should you be sued for something that occurred at your home? What if the legal costs of the lawsuit greatly exceed the liability coverage defined by your homeowner’s policy? Or who will pick up the tab if you are responsible for a multi-car accident and your liability costs exceed the limits on your car insurance by thousands of dollars? These are examples of why you need personal excess liability insurance. Umbrella insurance is typically purchased at a low cost to you, but will provide enough coverage so you don’t have to worry about liability costs in the future.

Contact MAX today for a free umbrella insurance quote.