Personal Umbrella Policy

Life is great until it throws you a curveball – especially a financial one. Whether you’re fortunate enough to have money set aside or still trying to beef up that savings and emergency fund, an unexpected incident could be financially devastating.

That’s where RLI personal umbrella insurance comes in. A personal umbrella policy provides you with an extra layer of protection above and beyond the existing limits of your homeowners and auto policies. Umbrella insurance covers injuries, property damage, certain lawsuits and personal liability situations.

You might need a personal umbrella policy if you ...

• Own a home, car, boat or recreational vehicle
• Want to protect your future earnings
• Want to protect your personal assets against possible lawsuits or judgments

A real life scenario

A personal umbrella policyholder hired a friend to replace and install a new dock on the lake behind his house. During the construction, it was necessary to remove some trees in order to get the old dock out of the water. The policyholder used a backhoe and while knocking down one of the trees, a limb hit the friend on the head and neck.

Outcome: The underlying insurance coverage limits were paid out, but there was still a balance of $800,000 for the claim. The RLI Personal Umbrella Policy paid out the remaining $800,000, avoiding any out-of-pocket expenses for the insured.

Policy features

• $1 to $5 million in additional insurance
• You can keep your current homeowner/auto insurance
• Immediate coverage available in all 50 states plus Washington D.C.
• New drivers accepted: no age limit on drivers
• Up to one DWI/DUI per household allowed
• Auto limits as low as 100/300/50 in certain cases