Personal Insurance
Personal Umbrella

Why do I need this coverage?

You don't have to be a millionaire to be sued like one. The fact is that a single lawsuit - even if you win - can end up costing hundreds of thousands of dollars. And the greater your assets, the more you potentially have at risk.

Because the average size of jury awards has increased dramatically in the last few years, excess liability insurance has become more important than ever before. A personal umbrella policy is designed to reduce the worry, trouble and financial burden of facing personal litigation on your own.

Coverage is often referred to as an "umbrella" policy because it provides additional protection for covered losses that exceed the liability limits of your existing auto or homeowners policy. It will also give expanded liability coverage that may be needed if a serious accident occurs. Surprisingly, coverage tends to be fairly inexpensive for most people.

Available in amounts ranging from one to over ten million dollars, excess liability coverage increases your personal liability limits by adding an additional layer of protection over your current auto, boat or homeowners policies. Coverage is provided for you, your spouse and any relatives living in your household that are also insured by your primary homeowner or automobile policies.

This policy is specifically designed to cover catastrophic situations where a legal award could exceed the limits of your primary liability insurance. This policy also includes coverage if you are sued for false imprisonment, wrongful eviction, libel, slander, or defamation of character or invasion of privacy. Determining how much coverage is right for you is a personal decision, but a professional agent from Statewide Insurance Group can help you select the limits that best provide you with adequate limits to protect you and your assets.