Umbrella insurance is a type of personal liability insurance that can protect you if you find yourself liable for a claim larger than your Homeowners insurance or Auto insurance will cover. And if you own a boat, Umbrella insurance will also pick up where your Watercraft's liability insurance leaves off.
Umbrella insurance also covers you and members of your household against lawsuits involving personal injury to others, damage to other people’s property and a variety of claims such as defamation, landlord liability and false imprisonment, depending on your policy.
- Own property
- Are a landlord
- Have significant savings or other assets
- Frequently host parties in your home
- Serve on the board of a nonprofit
- Are worried about liability claims against you when traveling outside the U.S.
- Own things that can lead to injury lawsuits such as a pools, trampoline, guns or dogs (check to make sure your breed is covered)
- Participate in sports where you could easily injure others (such as hunting, skiing or surfing)
- Have an inexperienced driver in your household
- Coach kids’ sports
- Regularly post reviews of products and businesses
- Are a public figure