Why Do I Need A Personal Umbrella/Excess Insurance Policy?
A Personal Umbrella/Excess Liability insurance policy provides protection against catastrophic liability claims – coverage that goes beyond what auto, homeowners or renters might offer. This type of policy acts as excess coverage over your primary policy, often with added protection from $1 million to $5 million depending on your need. Additionally, if a lawsuit is brought against you for personal injury or property damage covered by the excess policy, the insurance company takes care of defense costs for the insured person.
To learn more about umbrella insurance, please click here to view a detailed fact sheet provided by MAPFRE Insurance.