Insurance for Personal Umbrella Preferred

Coverages Available for Personal Umbrella Preferred

• Dollar one coverage for non-owned recreational vehicles and watercraft under 26 feet and under 301 horsepower
• Dollar one coverage for non-owned automobiles outside the U.S.
• Definition of bodily injury is expanded to include mental injury, anguish, humiliation and shock
• No self-insured retention
• Defense outside the limit
• Pre- and post-judgment interest coverage
• Admitted and eligible for Direct Bill in most states
• Multiple additional insureds can be added at no additional premium
• Ability to quote and bind on the web
• Personal injury included if included on primary; buyback option available if excluded on primary
• Unlimited number of automobiles, recreational vehicles and boats not exceeding 75 feet and 50 mph

Coverage Limits Available for Personal Umbrella Preferred

• AVAILABLE LIMITS
  • Up to $5 millionu $1 million for risks in AL, FL, MS, NH and VT
  • $1 million for risks in CT and ME with rental locations built prior to 1978
  • $1 million excess uninsured/underinsured motorist coverage for most risks ($25,000 included at no charge)
• MINIMUM UNDERLYING REQUIREMENTS
  • $300,000 personal liability or homeownersu $500,000/$500,000/$100,000 or $500,000 combined single limit for automobiles in most states for admitted business
  • $250,000/$500,000/$100,000 or $300,000 combined single limit for automobiles in most states for non-admitted business
  • $1 million/$1 million/$100,000 or $1 million combined single limit for automobiles in AZ, GA, MO, MT and WA for admitted business
  • $500,000/$500,000/$100,000 or $500,000 combined single limit for automobiles in AZ, GA, MO, MT and WA for non-admitted business
  • $250,000/$500,000/$100,000 or $300,000 combined single limit for watercrafts for most risks

Claim Example for Personal Umbrella Preferred

Internet Blogger: The insured’s daughter hated math class as well as the teacher. The daughter made several “disparaging” and false remarks about her teacher online. The teacher sued the parents for personal injury and $750,000 was paid.

Faulty Furnace: The insured’s tenant claims she became ill from carbon monoxide poisoning resulting from a faulty furnace. The tenant claimed permanent brain damage and demanded $750,000.

Coaching Circumstances: A teenager, who was destined for greatness as a softball player, filed a $700,000 lawsuit against her former coach, alleging his “incorrect” teaching style ruined her chances for an athletic scholarship.

Falling Concrete: A hillside on the insured’s property was covered with concrete to prevent erosion. The concrete had been installed before the insured purchased the property. Approximately 5 feet of the concrete fell to the neighboring property knocking the claimant’s home from its foundation. The resulting claim was settled for $970,000.

Paintball Misfortune: The insured permitted several of her children and their friends to play paintball in her large back yard. The children were experienced and advised of all the safety rules including the use of headgear at all times. A participant removed her headgear as she was leaving the field in order to better hear someone calling her name. The minor claimant was hit in the eye resulting in a $475,000 settlement.

Beach Explosion: The insured's hosted a beach party for their daughter. One of the attendees found what was believed to be an empty and discarded propane tank. The tank was thrown into a beach bonfire and subsequently exploded resulting in severe injuries to several guests. A $20,000,000 claim was filed alleging the insured failed to properly supervise the party.