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Originally Posted by Nords
I agree but there's a hidden story here and my inner nuke is curious about why an insurance company feels compelled to take this step. I guess the essential question is: what's not covered by a personal excess liability policy that would be covered by an umbrella policy?
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Here is what is excluded in the excess liability policy that I received. They were kind enough to separate out what was already excluded versus what is newly excluded:
NEWLY EXCLUDED:
- injuries or damage arising out of ownership, maintenance or use of an aircraft
- injuries or damage arising due to child care service provided by the insured
- injuries or damage caused intentionally (unless in defense of self or property)
- injuries or damage related to employment of any person by the insured (except domestic employees)
- injuries or damages arising out of oral or written material if done by or at the direction of insured with knowledge of its falsity
- liabilities payable under ERISA or Worker's Comp
ALREADY EXCLUDED were:
- watercraft greater than 50 feet
- injuries or damages arising out of membership on a board of directors
- injuries or damages arising as a officer of an organization except non-paid positions
- injuries or damages caused by war, undeclared war, or warlike acts by a military force
- any property damage to property owned by the insured
- losses charged against you as a member of an association of property owners
- losses due to participation in racing, speed or demolition contest involving a motored vehicle
(that's less than half the list, but we get the idea, right?)
Okay, listing that out helped me -- seems the exclusions are not particularly unusual in nature.
Based on feedback by some other posters, I am starting to think that it comes down to this: coverage of a personal excess policy is the same as coverage by a homeowners/auto policy.
So.... Is a golfing accident covered under a homeowners insurance? If so, then it would be extended by the "personal excess" policy up to the policy limit and I'm sufficiently covered. If not, I need to find a real umbrella liability policy by another carrier.