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What is Personal Umbrella Insurance?

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Anonymous

15y ago
Updated: 9/10/2019

Its complecated and complex, but if you look here http://www.wisegeek.com/what-is-personal-umbrella-insurance.htm. It will explain it in an easy to understand manner.

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Wiki User

15y ago

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What kinds of insurance does Personal Umbrella Insurance cover?

Personal Umbrella Insurance covers what your regular insurance doesn't. The most common types are car and home insurance.


What are the benefits of personal umbrella insurance?

Personal umbrella insurance is a personal liability policy that kicks after your other insurances have been exhausted. If you are sued for $1 million for a car accident and your auto insurance will only pay up to $300k, your personal umbrella policy will pay the remaining sum (assuming your umbrella policy is large enough).


Can you get umbrella insurance with a different company than your personal auto insurance?

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What exactly is umbrella insurance?

This is a very good question. Umbrella insurance is a type of insurance that covers personal property and the future income of the policy holder. It is a different type of insurance.


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Personal umbrella insurance coverage and costs vary by company. Most require that you carry a defined amount of liability on your car or home policy.


Is life insurance personal lines insurance?

No personal lines refers to personal property and casualty coverage like homeowners, renters, auto and personal umbrella coverage.


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The personal umbrella policy was developed in the 1960s to provide additional liability coverage beyond the limits of an individual's primary insurance policies, such as auto or homeowners insurance.


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