Imagine hosting a pool party where a guest, diving into the shallow end, sustains permanent injuries. They hire a lawyer, and after a prolonged legal dispute, you and your family find yourselves financially liable for their injuries. Do you have sufficient savings to cover both your legal responsibilities and the associated defense costs?

Summary

An umbrella or excess liability policy augments your personal liability limits by offering additional protection beyond your existing auto, boat, or homeowners policies. This not only provides tangible financial value but also priceless peace of mind. Excess liability insurance can be obtained as an endorsement to your homeowners policy or as standalone coverage.