Personal Umbrella Insurance

A Real-Life Scenario Involving Premises Liability

Incident: The insured hired a friend to replace and install a new dock on the lake behind his house. During the construction, the friend requested some trees be removed in order to get the old dock out of the water. The insured used a backhoe to knock the trees. 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 Personal Umbrella paid out the remaining $800,000, avoiding any out of pocket expenses for the insured.

A personal umbrella policy will add an extra layer of liability protection beyond the basic coverage provided by your homeowners and auto insurance policies!  Well worth looking into!

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