Make sure you’re covered! Facts about umbrella insurance

Umbrella insurance protects you when the unexpected happens by providing protection above and beyond your existing home and auto insurance policies. 

Why should I consider umbrella insurance? 

Without umbrella coverage, everything you’ve worked hard for—your assets, your college fund, your nest egg, your retirement savings—could be at risk if you are found liable to others as a result of an accident or other catastrophic event. This example illustrates why you need additional liability insurance:

A young woman ran a stop light and collided with another car, killing an adult and child. The courts found her negligent and ordered her to pay the “wrongful death” limits in Wisconsin of $850,000. The woman had an auto policy with liability limits of $500,000 per claim, leaving her with an uncovered loss of $350,000. If this woman would have had a personal umbrella policy, it would have paid the remaining $350,000. Without it, she will have to pay it from her personal assets.

No one expects a catastrophe in their life. And it’s true that catastrophic events happen to very few people. That’s why you can buy $1 million of additional liability protection very economically. Depending on your circumstances, a $1 million personal umbrella policy can run as low as $150.

What is covered?

Besides the extra liability protection, a personal umbrella policy provides you with protection for situations not usually covered by your home policy, such as libel, slander, wrongful eviction, and invasion of privacy. With the protection of an umbrella policy, the legal costs associated with such claims are covered, giving you the peace of mind you need.

Who can participate?

Wisconsin public school employees are eligible for umbrella liability protection with WEA P&C insurance. Both your home and auto need to be insured with us and you must also reside in Wisconsin to qualify. Family members may also be eligible for some of our programs. Ask us about eligibility.

Learn more about umbrella insurance online or call us for a comparison quote at 1-800-279-4010.

Property and casualty insurance programs are underwritten by WEA Property & Casualty Insurance Company. The terms and conditions of your coverage are exclusively controlled by your written policy. Please refer to your policy for details. Rates for policy coverages are subject to change.