Personal Liability Insurance Personal Finance

A.K.A. Umbrella Policy Pays benefits if someone sues you for damages If you are found to be liable Remember that your Auto and your Homeowner’s or Renter’s insurance policies usually include personal liability coverage – up to a limit (usually $100,000 or $300,000) An Umbrella policy is added on top of these other coverages Coverage can be for $1 million or more Usually required to have underlying auto and homeowner coverage with the same company with prescribed coverages

Personal Liability Insurance Coverage can be more expensive if you have: Bad driving record Several dogs History of prior claims Boat