If you cause an accident or someone is injured on your property, you’ll likely be held liable. If the settlement or judgment costs exceed your home or auto liability limits, how will you pay the difference?
What Is Personal Umbrella Coverage*?
What Types of Claims Fall Under Personal Umbrella Coverage?
Examples of High-Cost Personal Umbrella Claims:
- It’s raining and your car skids into the back of another car. The passenger in the car that you hit suffers a broken neck.
- Your dog escapes through an open gate and bites a neighbor, resulting in injury and a permanent scar.
- A friend's child sustains a permanent injury caused by your horse. (The total cost of an accident involving lifetime care often surpasses $1 million.)
Ready to Consider the AVMA Trust for Personal Umbrella Insurance?
- Enhanced coverage for AVMA members as a member benefit.
- Significant savings — take advantage of group rates not available to individual umbrella policy purchasers.
- No individual underwriting or rating — past or future claims will not affect your individual annual premium, now or in the future.
Personal Excess Liability Insurance Limits & Premiums (2/1/2021 – 2/1/2022) for the AVMA Trust Program
- $1,000,000 limit / $649 premium
- $2,000,000 limit / $985 premium
- $3,000,000 limit / $1,039 premium
- $5,000,000 limit / $1,267 premium
- $10,000,000 limit / $2,600 premium
- $2,000,000 limit / $126 premium
- $3,000,000 limit / $255 premium
- $5,000,000 limit / $505 premium
- Homeowner's liability (for all property owned or rented) / $300,000
- Recreational vehicles not subject to registration / $300,000
- Automobile liability and uninsured/underinsured motorist protection (including recreational vehicles subject to registration) / $250,000; $500,000 bodily injury; $100,000 property damage OR $300,000 combined single limit
- Watercraft liability (under 26ft and under 50hp) / $300,000
- Watercraft liability (26ft+ or 50hp+) / $500,000
*Personal Umbrella Insurance is an optional policy that extends coverage to losses related to personal lines (i.e., home, auto, renter’s, and other personal policies). It does not offer excess coverage to claims related to business lines of insurance.
**The uninsured/underinsured motorist limit cannot exceed your personal excess liability limit.