Umbrella Insurance

What is Umbrella Coverage?

Umbrella coverage, often called "excess liability" coverage, is a must for every home, auto or watercraft owner. It is not just for the wealthy, as many typically believe. As many individuals are finding out, you don't have to be a millionaire to be sued like one. Umbrella coverage will provide you with added financial protection in the event that someone is injured while on your property, or even with you on non-business activities anywhere in the world. And since umbrella policies are typically inexpensive, especially when you consider the added coverage you get, no one should be without an umbrella policy.

Why do I need umbrella coverage?

You've worked hard for your home and assets. You need to ensure that those assets will available to you in the short- and long-term. Homeowners insurance provides a minimum of $100,000 liability coverage (the coverage that protects you when people are injured or property is damaged due to circumstances in which you or your family is responsible). And although it varies widely by state, the minimum liability protection for auto insurance in Massachusetts is around $20,000 per person and $40,000 per accident. These minimum coverages may not be enough to protect your assets or your future. Umbrella insurance, or excess liability coverage, will provide at least a million dollars of additional protection above your current homeowners or automobile liability limits. That's the protection you need to safeguard your children's college education or your retirement goals.

Your local independent agent or Travelers of Massachusetts representative can help you determine the coverage amount that works best for you.