Umbrella Insurance & Builder's Risk

Personal Excess, or umbrella, policies are considered by most insurance professionals as your catastrophic insurance coverage. These policies provide the additional layer of coverage, over and above your underlying policy limits in your auto, home and/or recreational vehicle programs.

Large injury awards are the leading reason most people choose an umbrella policy. But choosing the right limit can be a bit of a science.

There are many important factors to consider:

Nicholas / Tobin can design umbrella programs to extend coverage for:

  • Your home and any second or vacation homes.
  • Autos, boats, motorcycles, RVs, aircraft
  • International Expenses
  • Building Risk and Renovation Risk

Did you know?

Umbrella coverage protects an individual against libel, slander and invasion of privacy lawsuits.

Some excess policies cover the defense reimbursement funds for you to hire a personal counsel in the event of a lawsuit. More commonly, excess policies will pay for the cost associated with your defense attorney services.

If you did not have enough coverage or funds to pay an injury award, the court could garnish your future wages!

If you are brought to court, the Jury is not allowed to hear how much insurance coverage you have. The award is simply based on damages to the injured party and not what someone can afford.
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