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Personal Umbrella

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The Personal Umbrella policy (sometimes called a "personal protector" policy) is designed to lessen the worry and financial burden of facing personal litigation on your own. By increasing the liability limits on your existing policies, virtually any policy (such as homeowner, boat, or automobile) which contains a limit of liability can go under an umbrella.

It provides for expanded liability coverage which may be needed if a serious accident occurs. In general, a personal umbrella policy includes the following features:

Extended Coverage:

  • This policy takes over where your basic automobile and homeowners policies leave off by providing up to $1,000,000 of additional liability coverage.
  • Broader Coverage: 
    • This policy also provides coverage that may not be offered by your basic policies, such as coverage against lawsuits for libel, slander, defamation of character or invasion of privacy. It also extends the same coverage to your spouse and other relatives living in the household.
  • Legal Defense Payments: 
    • If a policyholder is sued because of a covered occurrence and the primary insurance policies do not apply or have been exhausted, the Personal Umbrella Policy will pay legal expenses incurred, including attorney fees and court costs.
  • Underlying Limits:
    • An umbrella policy can only be issued if the liability limits on the policy(s) it covers meets the criteria shown below. Since these limits reflect an average of what most insurance carriers require, you should consult our customer service department if you have any questions about these limits:
      • Underlying Policy Minimum Limits:
        • Personal Auto Policy Liability- $100,000/$300,000
        • Homeowners Liability Coverage (Coverage D)- $300,000
        • Watercraft Policy Liability- $300,000
        • Recreational Vehicle Liability- $100,000
        • Rental Premise Liability- $100,000
          *These limits are subject to change without notice*

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Iris Fox Insurance

103 Carbon City Road

Morganton, NC 28655