Umbrella insurance is designed to give one added liability protection above and beyond the limits on homeowners, auto, and watercraft personal insurance policies. With an umbrella policy, one can add an additional 1-5 million in liability protection. This protection is designed to “kick-in” when the liability on other current policies has been exhausted.
Provides coverage for claims that may be excluded by other liability policies including: false arrest, libel, slander, and liability coverage on rental units you own. Some examples:
injuries to other parties due to a serious auto accident where you are at fault
lost wages due to the negligence of the at fault person
injuries sustained by a guest in your home due to a fall
accidental damage to school property caused by your child
your tenant's dog biting someone and you being held responsible for the injuries.