The claim limits of the past can stand in the way of the future you’re working to build. Fortunately, group excess liability insurance can help.
When you’re trying to preserve the life you’ve built and provide for the people in it, standard insurance policy limits often aren’t enough to get the job done.
Personal liability lawsuits can quickly run into the multi-million-dollar range. Often, the personal liability coverage provided by your homeowners, auto or watercraft policies alone isn’t enough.
Stemming the High-Cost of Litigation
The number of claims with awards above primary limits has grown dramatically in recent years. An excess liability policy provides protection if a catastrophic liability loss exhausts the primary limits of your auto, homeowners or watercraft policy.
For example, while a somewhat standard liability limit within many homeowner’s policies is $300,000, if is someone injured on your property and awarded damages above that, you are personally responsible for the remaining balance, including legal fees.
Group personal excess liability programs are designed to provide higher limits of liability coverage – oftentimes at discounted rates, since risk is spread among the group – and can make all the difference if allegations of bodily injury or property damage put your assets or reputation on the line.
Service, Advocacy, Expertise
NFP’s group excess liability account specialists work with you to identify and evaluate your personal risk exposures then create specific, strategic personal insurance solutions tailored to your discrete needs.
Our expert team combines top of the line coverage, superior service and incomparable claims advocacy to provide you a one-of-a-kind experience through a personalized insurance program. We are dedicated to meeting your exact needs with a policy comprehensive enough to prepare you for life’s challenges.
Rely on our team for assistance whether you have multiple properties and homes, valuable items such as fine art and jewellery, unique or exotic automobiles, watercraft and recreational vehicles, or all of the above. Our personal insurance specialists can work with you to identify potential exposures to loss, gaps in coverage and oppressive coverage limits, then provide recommendations on the appropriate coverage specific to your needs.