Might be covered by an umbrella insurance policy. Don’t know, check with your underwriter of your umbrella if you have one..
umbrella insurance is pretty affordable: $5-10million policies go for about $1000..
you do need to maintain a minimum liability coverage across all your assets though.
It’s probably around $250k+ for each home and $250k+ for auto and watercrafts (at least that is the case for me)
There are some exclusions or limits but none of those I think are relevant to this situation. The primary exclusions/limits these days is apparently liability insurance for slander and libel on social media…I’m not kidding…
I think my umbrella is through a company called RLI. It doesn’t have to be the same as your homeowners and auto, you just need to maintain the minimum liability on the rest of your insurance. I’m sure of that…because I have a hodgepodge of insurance…my primary is through one agency, my rentals through another, most of my cars are through allstate, but two are through Hagerty because they are now old enough to be classified as “classic cars” lol.. it’s a royal pain, but the reason is I have the best coverage this way for the lowest price
.. no issues with the umbrella coexisting with multiple insurance.
