Home / Umbrella insurance
Umbrella insurance
Liability cover that sits above your auto and home or renters policies, for the day something goes further than either of them reaches. One million dollars to start, for about the price of a dinner out each month.
What an umbrella is for
Your auto and home policies each have a liability limit. Most of the time that is enough. An umbrella is for the rare case where it is not: a crash that injures several people, a guest who falls from a deck and cannot work again, a lawsuit that names you personally. When a judgment or settlement passes your auto or home limit, the umbrella pays the rest, up to its own limit.
It costs relatively little because it only starts paying after your other policies have paid their full limits, and losses that large are uncommon. They are also the ones that reach your savings, your home equity and your future wages.
What it covers
Injury to others
Medical costs, lost wages and damages for people injured in an accident you are responsible for, above your underlying limits.
Damage to others' property
Their cars, their homes, their things, above the limits of your auto and home policies.
Personal injury claims
Being sued for libel, slander, false arrest or invasion of privacy, which most home policies do not cover at all.
Legal defense
Lawyers, court costs and expert witnesses, paid in addition to the policy limit rather than out of it.
Limits and what they cost
| Umbrella limit | Typical annual premium |
|---|---|
| $1 million | $220 to $350 |
| $2 million | $330 to $500 |
| $3 million to $5 million | About $100 to $150 for each additional million |
Teen drivers, a pool, a boat or rental property each add to the price. Your agent will give you an exact figure.
What you need underneath it
An umbrella sits on top of other policies, so it needs them to be there and to carry certain limits. We write an umbrella for members whose auto and home or renters policies are both with Harborline.
- Auto liability
- At least $250,000 per person, $500,000 per accident and $100,000 for property.
- Home or renters liability
- At least $300,000.
- Watercraft
- Boats under 26 feet are covered by the umbrella. Larger boats need their own policy underneath.
What an umbrella does not cover
- Your own injuries or your own property. An umbrella is liability cover only.
- Business activities, and property you rent out, unless it is listed on the policy.
- Damage you or a family member cause on purpose.
- Aircraft, and boats over 26 feet without their own underlying policy.
- Claims your underlying policies would have paid if you had kept the required limits.
Coverage is subject to the terms and limits of the policy you buy.
Not a member yet?
Start with an auto, home or renters quote. Once those policies are in place, your agent can add the umbrella.