Personal Umbrella Liability Insurance
Extra liability protection for when your regular coverage isn't enough.
Your home, condo, cottage or tenant insurance already includes personal liability coverage. But what happens when a serious claim goes beyond those limits?
Personal Umbrella Liability insurance provides an additional layer of liability protection above the limits of your underlying policies. It’s designed to help protect your finances, your assets and the things you’ve worked hard to build.
Extra Personal Liability
Provides additional liability protection above the limits of your underlying home, condo, cottage or tenant insurance.
Legal Costs
Depending on the circumstances and policy, umbrella coverage can help with covered legal expenses associated with a liability claim.
Protection for Your Assets
A large liability claim can put savings, investments and other assets at risk. Extra liability coverage can provide another layer of financial protection.
Coverage that Follows Your Life
Umbrella liability can provide protection across multiple areas of your personal life, depending on the policy, rather than being tied to just one property.
Coverage varies by policy and individual circumstances. Personal Umbrella Liability coverage is subject to eligibility, underlying insurance requirements, exclusions, limits and policy conditions. Talk to a Garriock insurance professional to determine what coverage is right for you.
Sometimes, You Need More Than the Standard Limit
Liability claims can become expensive quickly.
A serious injury on your property, an accident involving someone in your household, or another situation where you’re held legally responsible could result in costs that exceed the liability limit on your home or tenant policy.
An umbrella policy provides additional liability protection when you need it most.
Think of it as an extra layer between you and a very large claim.
Your Insurance Has a Limit. Your Risk Doesn't.
Most people don’t expect to face a major liability claim.
But accidents happen. Someone could be seriously injured on your property. You could be held responsible for an accident involving a member of your household. Or an unexpected situation could create a liability claim worth far more than you ever imagined.
Personal Umbrella Liability is about preparing for the possibility without overcomplicating your insurance.
Who Should Consider Umbrella Liability Insurance?
Extra liability protection may make sense if you:
Own a home, condo, cottage or other property
Have significant savings or investments to protect
Own multiple properties
Have a swimming pool, hot tub or other higher-risk features
Own recreational vehicles or watercraft
Frequently host guests at your home or cottage
Have rental properties
Have a higher personal net worth
Simply want additional peace of mind
You don’t have to be wealthy to ask about umbrella coverage. The right amount of liability protection depends on your circumstances.
FAQ: Personal Umbrella Liability Insurance
What is Personal Umbrella Liability insurance?
It’s additional personal liability coverage that can provide protection above the liability limits of qualifying underlying insurance policies.
Do I need umbrella insurance if I already have home insurance?
Your home insurance already includes liability coverage, but it has a limit. Umbrella insurance can provide an additional layer of protection if a covered liability claim exceeds that limit.
Does umbrella insurance cover my belongings?
No. Umbrella liability insurance is not property insurance. It is primarily designed to provide additional liability protection. Your home, condo, cottage or tenant policy protects your belongings.
Does it only cover my home?
No. Depending on the policy, umbrella coverage can extend to liability exposures associated with multiple aspects of your personal life and qualifying underlying policies.
How much umbrella liability coverage do I need?
There’s no one-size-fits-all answer. Your assets, properties, activities and overall financial situation can all factor into determining an appropriate amount of coverage.
Is umbrella insurance expensive?
Umbrella liability coverage can provide a significant amount of additional protection for a relatively modest premium, but the cost depends on the amount of coverage and your individual circumstances.
Does umbrella insurance cover everything?
No. Like any insurance policy, umbrella coverage has exclusions, conditions and limits. Your Garriock broker can explain what is and isn’t covered by your policy.
Can renters get umbrella insurance?
Potentially, yes. Umbrella coverage can work alongside qualifying tenant insurance, although eligibility and underlying insurance requirements apply.
When should I consider umbrella insurance?
It’s worth discussing whenever your financial situation, property ownership or personal activities change. You don’t need to wait until you’ve experienced a liability claim to review your protection.