Personal umbrella insurance is excess liability coverage that sits on top of your existing auto, homeowners, and (if you own them) watercraft or recreational vehicle policies. When a covered liability claim exceeds the underlying policy’s limit, the umbrella kicks in and pays the excess — plus defense costs on top of the coverage limit. It also picks up several categories of claims that most underlying policies exclude entirely, including libel, slander, defamation, false arrest, and invasion of privacy.
In practice, umbrella coverage is one of the highest-dollar-per-premium personal insurance products available in the Southeast. A single at-fault serious injury accident can easily produce a verdict that exceeds a $500,000 auto bodily injury limit, and umbrella is the only tool that stops that excess from being collected from your home equity, savings, and future wages. See state-specific costs and rules for Mississippi, Alabama, Louisiana, Florida, Tennessee, North Carolina, and Georgia. For a general overview see the Insurance Information Institute umbrella overview. Get a quote at bridgewayins.com/quotes or call (877) 418-2484.
