Personal Excess Liability Insurance

from Chubb

Liability Assessment

Personal excess liability insurance, also known as an “umbrella” policy,

can be your best line of defense in a lawsuit. Do you have the coverage

you need?

Use these four steps to evaluate your risks and the adequacy of your

insurance coverage:

STEP 1: KNOW YOUR RISK FACTORS (Check all that apply)

I own a home

I regularly drive a car or motorcycle

I have children who drive or are away at school

I employ a housekeeper, nanny or au pair, cook and/or

other residential staff

I have a dog

I entertain at my home

I blog, tweet, and/or post comments or photos online

I own a boat, a RV or a snowmobile

My home has a swimming pool or a trampoline

I serve on a board of a non-profi t profi t organization or condo association

If you checked just one of the above risk factors, you may need excess liability coverage. If you selected many, then your exposure to liability risks may be higher than average. Look closely at your limits of coverage and determine if they are adequate.

STEP 2: DETERMINE WHAT’S AT RISK

Home Value $__________________

Personal Property (your contents and valuables) $__________________

Investments $__________________

Savings/Checking $__________________

Future Wages (apprx. 3 to 5 years) $__________________

Total $__________________

(continued)

STEP 3: DETERMINE WHETHER YOU HAVE ENOUGH COVERAGE

Personal liability insurance (homeowners/condo/renters) $__________________

Automobile liability insurance $__________________

Personal excess liability insurance (aka: “umbrella” policy) $__________________

Compare “what’s at risk” with “your coverage”. If there’s a gap, you may want to consider

purchasing personal excess liability insurance.

STEP 4: MAKE SURE YOU HAVE THE RIGHT COVERAGE

The coverage features of your exisiting (if applicable) personal excess liability policy are as important as the limit. Ask your agent or your insurance company if your policy includes these important coverages:

Personal Injury: Personal injury is broader than bodily injury and includes coverage for libel, slander, defamation of character and invasion of privacy. These coverages are more critical now than ever before because of the popularity of social networking, blogging and digital media.

Identity Theft Protection and Resolution Services: Should your identity ever be stolen, the stress and aggravation that can result may be exacerbated without anyone to rely on to actively help handle the situation. Do you have these recovery, defense and educational benefi ts avail-able to you on a complimentary basis?

Defense Costs: What amount of coverage do you have for defense costs and is this amount of coverage outside of the policy limit?

Medical Payments to Others: What is your coverage limit for medical payments to others?

Worldwide Coverage: Your excess liability coverage should protect you anywhere in the world, not just the U.S. and Canada.

Non-Profi t Directors and Offi cers Liability: If you sit on the board of your condo association, the YMCA or any other non-profi t, this coverage is important.

Excess Uninsured/Underinsured Motorists (UM/UIM) Protection: You buy a primary amount of UM/UIM coverage on your automobile policy to protect you and your family from drivers who have little or no insurance. Excess UM/UIM protection offers an additional layer of this important coverage via your excess liability policy.

DOES IT ALL ADD UP?

Do you have the personal excess liability insurance protection you need? Visit www.fi delityaddedbenefi ts.com or call 866-392-6934 to get more details and enrollment information. Representatives are available Monday through Friday, 8:30 a.m. to 6:00 p.m. ET, excluding certain holidays.

Chubb refers to Federal Insurance Company, a member of the Chubb Group of Insurance Companies.

Chubb Personal Insurance (CPI) is the personal lines property and casualty strategic business unit of Chubb & Son, a division of Federal Insurance Company, as manager and/or agent for the insurers of the Chubb Group of Insurance Companies.

This literature is descriptive only. Actual coverage is subject the language of the policies as issued.

Form 06-01-0071 (Ed. 5/12) Bank of AmericaChubb, Box 1615, Warren, NJ 07061-1615

This information is advisory in nature. No liability is assumed by reason of the information in this document.