What is Umbrella Insurance?
Think of Umbrella Liability as a "fail-safe" for your finances. It sits on top of your existing Home and Auto policies. If you are found liable for a major accident or lawsuit that exceeds your primary policy's limits, the "Umbrella" coverage kicks in.
Why Maritimers Need Extra Protection
A single unfortunate event—a serious multi-car accident on the 104 or a significant injury on your property—could result in a judgment that far exceeds standard $1M or $2M liability limits.
An Umbrella Policy protects you against:
- Excess Liability: Legal fees and settlements beyond your auto or home limits.
- Global Coverage: Most umbrella policies protect you anywhere in the world.
- Libel & Slander: Protection against personal injury claims that standard policies often exclude.
Affordable Protection for High-Value Futures
The best part about Umbrella Insurance is its value. Because it acts as secondary coverage, it is remarkably affordable—often providing an additional $1M to $5M in protection for a fraction of the cost of your primary policies.