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Umbrella Insurance
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Programs |
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Personal |
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Farmowner |
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What is an Umbrella and why
do I need it? |
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An Umbrella Liability policy provides
protection for large liability claims rising out of your auto, home, or
personal activities. |
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The Umbrella program is designed to
protect consumers' financial assets beyond the limits they've purchased in
their primary policies. |
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Being involved in a large liability lawsuit is
a more frequent occurrence than ever before and could happen to all of us.
Not only are judgments often high, but the cost of defending yourself can
be astronomical. Here are some examples of situations where an
umbrella policy would be needed: |
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Your vehicle, on ice, crosses the centerline
of the road, severely injuring or killing the occupants of an on-coming
vehicle. The State of Wisconsin affords a wrongful death award of
$350,000 per adult, and $500,000 per child. These damages, or severe
permanent injuries, can quickly exhaust the underlying home or auto
limits. |
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A child wanders on to your property when you
are not home and is seriously injured or killed. The parents of the
child claim your are negligent and file a large lawsuit against you. |
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A passenger in your boat is severely injured
during a boating accident. In addition to medical bills, they also
claim they can no longer do their job and file a lawsuit for lost earnings
and pain and suffering. This amount could considerably exceed
primary policy limits. |
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Policy Features |
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Wisconsin Mutual will write an umbrella policy
for customers that have their primary home and auto policies with our
company, and have underlying limits of $300,000 on home and
$250,000/$500,000 on auto. The following are features of the
umbrella policy: |
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Policies may be purchased at levels of 1 - 5 million and picks up coverage where the primary policies cuts
off. |
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Provides worldwide protection, where the
primary policies only cover the U.S., it's territories and possessions,
and Canada. |
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Provides liability protection from non-paid
activities as an officer or director of an organization; also pays for
liability arising from part-time businesses (baby-sitting, mowing the
lawn) by minors 19 and under. |
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Pays for defense costs on claims covered by
this policy but not covered by the primary policies. |
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Additional optional coverages are available.
For example: |
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Uninsured Motorist |
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Underinsured Motorist |
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