Umbrella insurance · Rumford, Rhode Island
Umbrella insurance in Rhode Island
Extra liability coverage that sits above your home and auto policies. A licensed Gilbane agent checks the underlying limits so the umbrella and the policies beneath it fit together.
What it covers
What umbrella insurance covers
A personal umbrella policy (PUP) is liability coverage only.
- Liability above your limits. Coverage above your home and auto liability limits, typically in $1,000,000 layers.
- Some claims underlying policies exclude. Such as libel and slander.
- Legal defense costs. Usually paid outside the limit.
- Rentals and watercraft. Liability on rental units and watercraft you own, when they are scheduled.
General information, not a policy. What a policy pays depends on its form, endorsements and limits, and on carrier underwriting.
Common gaps
What it does not cover
The exclusions and gaps that most often catch people out.
- Your own property. An umbrella is liability only; it does not pay for damage to your own home or car.
- Business liability. Needs a commercial umbrella.
- Intentional acts. Not covered.
- Underlying limits. Carriers require minimum liability limits on the auto and home policies beneath the umbrella. If those limits drop, a gap opens between them and the umbrella.
Rhode Island
Rhode Island specifics
Rhode Island is an at-fault (tort) state. After a serious at-fault accident, a claim can exceed your auto liability limit, and the difference is a personal exposure.
A simple test: add up your home equity, savings and future wages. If that total is larger than your auto liability limit, the gap is what a plaintiff can pursue.
Before you call
What to bring to Gilbane
This lets a licensed agent quote like for like instead of guessing.
- Declarations pages for your auto, home, boat and any rental properties.
- Every driver in the household, including teen drivers.
- A list of properties and watercraft you own.
Photograph the documents and text them, email them to info@gilbaneinsurance.com, send them on WhatsApp, or bring them to 428 Pawtucket Ave, Monday to Friday, 9:00 to 5:00.
Answers
Questions about umbrella insurance
An umbrella extends your liability protection beyond your home and auto limits, and it covers some claims those policies exclude, such as libel and slander.
The question is whether your net worth plus your future earnings is larger than your current liability limit. If it is, the difference is what is exposed in a serious at-fault accident.
Each carrier sets its own minimum underlying limits for auto and home liability. We match the underlying policies to the umbrella carrier's requirements so there is no gap between them.
No. Business liability needs a commercial umbrella written with your commercial policies.
Next step
Talk to a licensed agent about umbrella insurance
Start a quote online, or call the office on Pawtucket Ave, Monday to Friday, 9:00 to 5:00. Se habla español. There is no fee for a quote.
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