Umbrella insurance is extra insurance that provides protection beyond existing limits and coverages of other policies. Umbrella insurance can provide coverage for injuries, property damage, certain lawsuits, and personal liability situations.
Provides liability for:
Damage to property
Personal liability situations
The excess is the maximum amount that a driver will payout for an accident when they are at fault, or there is no third-party involved. If the driver is not at fault in a car accident, they don’t have to worry about the policy excess. The insurer will recover the damage from the third-party at fault, and the excess will not need to apply.