What Is Personal Excess Liability and How Much Coverage Do I Need?

(Hint: It could end up being the most important coverage you buy.)

Personal excess liability insurance is a critical, yet sometimes overlooked, facet of personal risk management. This coverage acts as a safety net protecting you from major financial loss in the event of a costly liability claim or lawsuit. And certain aspects of your lifestyle, like owning multiple homes and boats, employing domestic staff or even the actions of your children may increase your liability risk.

This type of insurance typically comes into play when the limits of your homeowners, auto or watercraft policies are exhausted, offering a higher level of protection across these aspects of your life.

If you don’t have the right coverage, an unfortunate situation can compromise your financial security, your future earnings and your legacy.

Personal excess liability insurance typically includes coverage for legal defense costs like attorney fees and court costs. PURE members can choose personal representation from a panel of trusted attorneys and defense counsel. And, if they prefer to have their own personal attorney to shadow the case, we will reimburse the member up to $100,000.

Auto accidents, slip-and-falls and dog bites are some of the most common types of personal excess liability claims among PURE’s membership. Below are just a few examples of recent judgments in different verdicts outside of the PURE membership.