Personal Liability Umbrella Protection

commercial property insurance considerations Lawsuits in the greater Pittsburgh, PA area are on the rise. The amounts awarded in lawsuits have increased significantly over the years. Judgements for liability resulting from car accidents can easily range from $500,000 to over $1,000,000. Judgements for injuries to a visitor in someone's home can range from $150,000 to as much as $1,000,000 or perhaps even more.

Personal Liability Umbrella Insurance

A personal liability umbrella policy is designed to protect an insured against claims resulting from such catastrophic events such as a major car accident or someone being injured on the insured's premises. An umbrella insurance policy provides an additional limit of dollar protection over and above the limits in the underlying homeowner's, renter's, condominium owner's, automobile or traditional watercraft policy.

Once the basic limits of the underlying policy have been used up and exhausted, the umbrella insurance will step in and provide the additional amount of protection to pay for the claim.

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What a Personal Liability Umbrella Policy Covers

Each insurance company's policy may be slightly different but the most common coverages are as follows:

Protection from claims for bodily injury, personal injury or property damage to third parties caused by the insured, hazards on the insured's property such as swimming pools or trees, or family members of the insured's household, where the insured has been found to be legally liable.
Additional protection above the insured's automobile policy for auto related claims for damages to third parties.
Protection for personal injury to others occurring on or away from the insured's premises or property.
Additional protection for claims such as slander, libel, wrongful eviction and false arrest arising from non- business activities.
Lawyer's fees and associated court costs and legal defense costs arising from defending a covered loss.

What a Personal Liability Umbrella Policy Does Not Cover

Personal liability insurance umbrellas are extremely broad and what is not specifically excluded is thought to be included. There are some specific exclusions that are common to most policies and are as follows:

Damage that is intentionally caused by the insured or family members of the household.
Liability the insured assumes under a contract or agreement
Any damages arising from the professional or business pursuits of the insured or family members of the household.
Liability for damages caused by the insured's or family members of the household's ownership maintenance or use of aircraft, or non-traditional watercraft, (typically jet skis).
Damage to the insured's or family members own property used by or maintained by the insured.
Damages covered under a worker's compensation policy.
Liability arising from war or insurrection.
These exclusions are typical but each company's policy may vary.

What Umbrella Limit Should be Purchased?

Personal liability umbrellas are typically offered in increments from $1,000,000 to as much as $5,000,000 or $10,000,000. The cost is relatively inexpensive since the policy only applies after the limits in the underlying policy have been depleted.

Since each insured's financial situation is different and there is variances among policies, an experienced staff member at Driscoll Insurance can analyze the need's of an insured and provide expert advice on the most cost effective total personal insurance program for a client.

Driscoll Insurance and Financial Services, Inc has been in the Pittsburgh, PA area since 1976 and is knowledgeable regarding trends in the local legal climate regarding personal injury judgements and can recommend appropriate coverage options. Driscoll uses stable recognized companies such as Travelers,

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Personal Insurance

• Personal Auto Insurance
• Homeowners Insurance
• Umbrella Insurance
• Mine Subsidence Insurance
• Life Insurance
• Hunting Liability Insurance
• Land (ie. Vacant Land Insurance)
• Marcellus and Natural Gas Insurance
• Personal Health Insurance

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