Real Estate Umbrella Program

Real estate umbrella insurance provides additional coverage for certain liability claims. Real estate umbrella insurance also can extend beyond actual policyholders to provide coverage for other household/family members. But without this type of valuable safety net, all bets are off. Say your pet runs out the door and attacks or bites a visitor to your home; or while you are away your teen throws a house party at which someone gets sick, or drunk — or, god forbid, worse; or if you send, with your child, food made in your home to be served at school or at a birthday celebration and everyone who eats it becomes ill…You could be, without the benefits of real estate umbrella coverage, on the hook with very little wiggle room.

Moreso, failure to procure appropriate real estate umbrella coverage can lead you straight down the path to financial hardship or ruin. With real estate umbrella coverage, you can be protected — in the event of damages awarded against you — over and above the personal liability limit on your homeowners insurance. But without umbrella coverage — in this day and age, with lawsuits as common as butter on toast — you could be staring into the sun. If someone slips and falls at your pool party, resulting in a $800,000 judgement against you — and the personal liability on your homeowners insurance maxes out at $200,000 — then you are, simply stated, looking at a $600,000 hole that is going to take awhile to fill.