Umbrella insurance

Protect yourself from the unexpected

Many people believe that only wealthy people need umbrella insurance. This is simply not true….the risks are real.

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Protect your financial security

Because typical auto and home policies can still leave you financially vulnerable, you should consider additional liability insurance (umbrella insurance) for additional protection.

Umbrella insurance protects you when the unexpected happens by providing protection above and beyond your existing home and auto insurance policies. Without umbrella coverage, everything you’ve worked hard for—your assets, your college fund, your nest egg, your retirement savings—could be at risk if you are found liable to others as a result of an accident or other catastrophic event.

This example illustrates why you need additional liability insurance:

A young woman ran a stop light and collided with another car, killing an adult and child. The courts found her negligent and ordered her to pay the “wrongful death” limits in Wisconsin of $850,000. The woman had an auto policy with liability limits of $500,000 per claim, leaving her with an uncovered loss of $350,000. If this woman would have had a personal umbrella policy, it would have paid the remaining $350,000. Without it, she will have to pay it from her personal assets.

No one expects a catastrophe in their life. And it’s true that catastrophic events happen to very few people. That’s why you can buy $1 million of additional liability protection very economically.

MORE INFORMATION: Personal umbrella insurance brochure

VIDEO: Why do I need a personal umbrella policy? (4:07)

Besides the extra liability protection, a personal umbrella policy provides you with other benefits.

Defense costs and attorney fees

Your personal umbrella policy will pay your legal expenses if a liability claim is brought against you, whether the claim is legitimate or not. These costs are paid in addition to your policy limit.

Personal injury protection

A personal umbrella liability policy will also provide you with protection if you face liability for certain acts not usually covered by your home policy, including:

  • False arrest
  • False imprisonment
  • Libel
  • Slander
  • Defamation of character
  • Invasion of privacy
  • Wrongful eviction
  • Out of country