Umbrella Insurance

What is umbrella insurance?
Umbrella insurance is an overarching layer of protection in addition to your other liability coverages, like auto, home, boat, etc. In some cases, it can provide protection when your primary policy does not.

Some umbrella policies provide lawsuit coverage of $1-5 million and would include defense and settlement costs. Examples of this are liability for damage while driving a rental car, piloting a rented boat while on vacation, and injury to person or property.

Not all umbrellas are created equal – a true umbrella policy will afford coverage in some cases where the primary policy does not. The Solace Way is to go that extra mile for you. Solace can tailor a policy and provide options so you are prepared for the unexpected.

Circumstances that may be covered by umbrella insurance:

  • Liability beyond current coverage
  • Liability coverage for rental units you own
  • False Arrest
  • Libel
  • Slander

This protection is designed to “kick in” when the liability on other current policies have been exhausted. You may opt to include umbrella insurance depending on your circumstances.

One of our expert advisors will be able to give you the ins and outs of umbrella insurance and how it could fit into your plan.