What will you do if you get sued?
In the event of damages, accidents, or injuries most people are looking for someone to blame.
Watch our Video
“How Umbrella Insurance Can Protect You & Your Family”
A Personal Umbrella Policy works together with your Home or Auto Insurance to protect you in case you’re found liable in an accident. Damages awarded for personal injury and long-term care, or any other lawsuit, can quickly exceed the limits of your existing policies making Umbrella Insurance critical.
Wondering if you already have Personal Umbrella Insurance on your
existing home or auto policy? Give us a call at 1-888-298-7343.
To learn more about Umbrella Insurance, watch our video or review specific risk and coverage details below.
What is
Umbrella
Insurance?
How Much
Will Umbrella
Insurance Cost?
How Much Will Umbrella Insurance Cost?
How Does
Umbrella
Insurance
Work?
Coverage Chart
Insurable
Event
Costs of Legal Fees & Settlement
Personal Coverage
Remaining Liability
Without Umbrella
With 1m Umbrella
Accident
at Home
$2,750,000
$2,000,000
$750,000
($750,000)
Covered
Car
Crash
$1,125,000
$1,000,000
$125,000
($125,000)
Covered
Boat
Accident
$1,225,000
$1,000,000
$225,000
($225,000)
Covered
What else does Umbrella Insurance cover?
Significant Property Damage
Auto or home lawsuits that are in excess of your existing policies.
Bodily Injury Liability
Falls, dog bites, and other injuries that occur on your property.
Landlord
Liability
A tenant suit over an injury sustained while on your property.
Slander or Libel Lawsuits
Damages for something you said or wrote.
Malicious Prosecution
If you’re sued for wrongfully prosecuting someone.
What are the risk factors for lawsuits?
Your Net Worth
The higher your net worth, total assets or even future earning potential – the more likely you are to get sued.
People on Your Property
Whether it’s tenants, clients visiting your home, frequent parties and get togethers, or even vacant land that can be trespassed on the more often people have access to your property the higher your risk becomes.
Notoriety
The more visibility or notoriety you have as a business owner, board member, or as a figure in your community – the more likely you are to be sued.
Toys
Fast cars, pools, trampolines and recreational vehicles all increase your risk. Each is an opportunity for injury – and therefore a potential lawsuit.
Local Litigiousness
Based on geography and culture, you’re more likely to be sued depending upon where you live. For example; there are more lawsuits filed in Ontario than any other province and that number increases every year, making Umbrella Insurance in Ontario especially important.
