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Umbrella coverage is an extra layer of liability coverage on top of the basic coverage contained in other policies. These include underlying personal, watercraft or automobile liability policies with a minimum underlying coverage of $1,000,000. It's important to consider a personal liability umbrella if you have assets, which is the case for most of us.
Why take out Umbrella Coverage?
Umbrella coverage provides an added tier of protection and security, which is especially comforting in today's world of high legal judgements. It covers certain additional perils, which might not be included in your personal liability policy, for example: libel, slander, defamation of character, invasion of rights or privacy, false arrest, liability assumed under some contracts, and liability incurred as a result of volunteer work in a non-profit organization.
Do you have assets to protect?
If you are concerned about protecting them beyond your standard personal, auto, recreational vehicle or watercraft policy, call Merit today and ask for detailed information about umbrella coverage. Your broker will help design a policy that accurately reflects, and protects, your assets.
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Waterdown: (905) 690-6888
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Personal Liability Umbrella