Insurance Centers of America INC - The Best Insurance for You

Business & Personal Insurance

1.888.227.1910
719.528.5400

Business & Personal Insurance

1.888.227.1910
719.528.5400

 

Business & Personal Insurance
1.888.227.1910 or 719.528.5400

 

Insurance Centers of America, Colorado Springs, CO

719-528-5400
1-888-227-1910 (Toll Free)

Personal Umbrella Insurance

Personal Umbrella Insurance

Excess liability and umbrella liability are often referred to in the same context.  Both policies provide additional liability limits above the primary insurance policies (these are considered underlying coverage).  The common primary policies that an excess or umbrella policy sit over are; personal auto, homeowners, landlord and recreational vehicle.  Additional coverages may be considered for underlying coverage, subject to the carriers’ guidelines.  However, the excess coverage and umbrella coverages are very different.

Description of Coverages

Excess coverage:  A policy which extends additional limits of liability over the underlying scheduled policy(ies).  This policy is restrictive as it is subject to all the terms, conditions, coverages and exclusions of the underlying policies and provides no additional coverages.

Umbrella Coverage:  A policy which extends additional limit of liability over the underlying scheduled policy(ies).  This policy is broader than the Excess Liability Coverage as it is subject to its own exclusions and amendments and provides broader coverage than what is covered on the underlying coverage.

Self-Insured Retention: The amount of money the insured must pay before the carrier responds to the loss.  The normal self-insured retention on a personal umbrella policy is $250.  The self-insured retention does not reduce the limit of liability when a loss occurs.

Ready to give us a call?

Speak with your live agent today!

Looking for Specific Coverage?

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt
Search in comments
Filter by Custom Post Type
Filter by Categories
type
Personal Page
Business Coverage Req
Filter by content type
Custom post types

Recent Blogs

Contact Us!

-CONTACT US SIMPLE