Personal Umbrella Insurance: Extra Liability Coverage

Liability coverage protects you if bad things happen to other people because of you. A personal umbrella super charges that coverage. We’ll explain.
Video Breakdown:
Intro - 0:01
Review - 1:17
Excess Liability Policy - 3:19
Describing the Personal Umbrella
Excess Un/Under Insured Motorist - 11:25
Rookie Mistake- 13:05
Not covering your assets
Outro - 14:30
There you have it!
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[@nativetoe]

Great content. I’m currently studying for my P&C exam. This is helping a lot🙌

[@Hearttobe]

Andrew!!!! I will buy u a drink when I pass my exams!!! thank you!!!

[@Ralith09]

Does umbrella cover landlord policies?

[@ShineInsurance]

Hey Andrew, Great question! While it depends on how you have the policy set up, you should be able to add either a personal or commercial liability umbrella to your landlord policy.
If you only have 1-5 rentals, most companies will let you insure rentals as a part of your personal insurance. In this case, your personal umbrella would add excess liability coverage over your home, auto AND landlord policies.
If you have more rentals, or they are owned in the name of an LLC, your insurance agent may direct you towards a commercial insurance program. In this case, a personal liability umbrella would NOT cover the landlord policies. You would need to purchase a commercial liability umbrella.
With landlord policies, the line between personal and commercial insurance can be confusing. Find a good local agent who explains things clearly. Even if the price is a little higher, having a great agent you trust is well worth it.

[@joycegriggs8511]

Car insurance is for people who don't know how to drive
I been driving over over 50 year never had acident