Question by curiousbetty: Is “personal umbrella insurance” the same as “personal liability insurance”?
Hi, I have insurance with USAA and the apartment complex I am applying to requires personal liability insurance. USAA offers personal umbrella insurance and I wasn’t sure if it was the same thing? Thanks.
Best answer:
Answer by Zarnev
No. An umbrella policy is in addition to a liability policy, paying after the liability runs out. You’d get liability on a renter’s policy.
What do you think? Answer below!
An umbrella policy is for coverage above and beyond where your principal policy stops. When my children were teenagers and my risk of them having an auto accident was greater, and a parent would sue me for a million dollars if their child was killed or permanently injured,( a million was a lot when my kids were teenagers ) so I had an umbrella policy which was a rather cheap premium so I would not risk losing my house and cars if involved in a lawsuit.
If you already have insurance w/ USAA, you have a personal liability policy.