Jury awards and out-of-court settlements routinely run into millions these days. Add to this the cost of legal fees, and the cost can become overwhelming. All it takes is one major liability lawsuit and you could lose it all…your car, home, personal property, and even your future income!
Alfa's Personal Umbrella Policy will buy you excess liability coverage to protect your property from high jury awards and, at the same time, extend your protection to areas omitted from the usual liability insurance policy.
NEED FOR PROTECTION
If you're involved in a bodily injury or property damage
suit, our Personal Umbrella will pay all the costs of the
investigation, defense and settlement of the claim, right
down to the first dollar, if your other insurance has been
exhausted. And if you lose earnings complying with our requests
during defense proceedings, we will pay up to $250 a day
($5,000 maximum) for this loss.
Some examples for protection are:
- You hit a water skier who is down in the water
- Your teenage daughter runs a stop sign, causing a serious accident
- A salesperson trips on a crack in your sidewalk
- A neighbor's child drowns in your swimming pool while you're on vacation
- A babysitter is injured by your otherwise friendly dog
- Your son at college accidentally injures someone in an innocent fraternity prank
EXTENDED PROTECTION
BUSINESS PURSUITS - We can often add extra coverage for business pursuits which are covered in your existing underlying policy. This is important coverage for the teacher, salesperson, or landlord.
FARMING - Special coverages may often be added to protect you from suits arising out of your farming operations. And even if you don't farm, coverage can be provided for timberland or vacant property that is currently not in use.
COVERAGES
Liability coverages in the Personal Umbrella policy include:
- Bodily Injury
- Property Damage
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