With litigiousness in the United States growing at an alarming pace, you are exposed to the risk of a personal lawsuit more than ever before. Group Personal Excess Liability Insurance from Chubb provides additional liability coverage, up to $50 million, for damages and costs you or a covered family member have to pay in a covered lawsuit beyond what is covered under your primary auto, homeowners, renters, recreational vehicle, motorcycle and watercraft insurance policies.
Coverage highlights include:
- Property Damage and Bodily Injury: Coverage applies in the event that you are liable for someone being injured on your property.
- Personal Injury: Chubb includes this important coverage which applies to situations such as lawsuits involving accusations of libel, slander, or negligent infliction of bodily injury.
- Defense Costs: Chubb covers the cost to defend a lawsuit, even if it is groundless, false or fraudulent. Chubb will provide legal counsel with coverage for all expenses incurred. In most states, there is no cap on this coverage.
- Excess Uninsured/Underinsured (UM/UIM) Motorists Protection: Chubb offers up to $1 million in Excess UM/UIM coverage that provides benefits directly to you and your covered passengers if involved in an accident with an uninsured or underinsured driver.
Litigiousness is growing at an alarming pace. Personal lawsuits comprise nearly 40% of the $264.6 billion of total tort system costs in the U.S¹.
¹Towers Watson 2011 Update on U.S. Tort Cost Trends
Disclaimer: This information is descriptive only. All products may not be available in all jurisdictions. Coverage is subject to the language of the policies as issued.