Umbrella Liability Coverage – What is it and why should you consider it

June 13, 2022

Umbrella Liability coverage – technically called excess liability coverage – provides additional (excess) coverage above and beyond what your auto and homeowners policies protect.

These underlying policies cover all damages up to their limit, THEN the excess liability coverage comes into play. The good news is that this type of coverage is usually inexpensive, due in no small part to the unlikely nature of using it. BUT – just because it is unlikely to be depended on, doesn’t mean it’s not valuable as a risk transfer strategy.

Here are a few pieces of advice while considering an umbrella liability policy:

Want to learn more about umbrella coverage? Schedule a meeting with us!


This material has been prepared for informational purposes only and should not be used as investment, tax, legal or accounting advice. All investing involves risk. Past performance is no guarantee of future results. Diversification does not ensure a profit or guarantee against a loss. You should consult your own tax, legal and accounting advisors.

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