A majority of the claims covered by umbrella policies involve auto accidents, so having an umbrella policy can give you peace of mind when you or a family member are on the road. Plus, it's valuable if you add a teen driver to your insurance policy. An umbrella policy offers that extra protection. The more assets you have, the more protection you need - particularly when court awards are trending increasingly higher. The most common limit for an umbrella policy is $1 million, and we offer higher limits.Ī lot of people sue, and they sue for a lot. In addition, the coverage follows you, meaning you're protected worldwide. Personal injury liability such as libel, slander, defamation of character, and false arrest.It extends the limits of your primary insurance policy for: The policy applies to you and others living in your home, including a spouse, children, or others in your care younger than age 21. Once you reach the limits of your MILE-STONE policy, the umbrella kicks in to cover the additional costs above that, up to your umbrella limit. For example, say you are found negligent in an auto accident and required to pay for another person's injuries. Here's some information to help you decide whether an umbrella policy is right for you.Īn umbrella policy is an added layer of protection that offers higher limits to pay for injuries and damages others suffer because of your negligence. ![]() A MILE-STONE home and auto policy provides a minimum level of liability coverage.
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