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Reducing the Risk of ID Theft The number of identity theft cases continues to increase, and the cost of grappling with the losses goes beyond the charges the thieves rack up. There is the lost time at work while you contact your creditors and all regulatory agencies involved—think DMV times 10. There are also the copying costs and records fees at many government and other institutions—your medical records are just one concern. |
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Frequently Asked Questions
WHAT IS GROUP PERSONAL EXCESS LIABILITY COVERAGE AND WHY DO I NEED IT?
Group Personal Excess Liability Insurance from Chubb offers an attractive solution for helping to preserve your assets in the face of an ever-increasing array of financial loss exposures.
HOW DOES IT WORK?
Group participants have a range of limits to choose from and are charged the corresponding premium.
WHAT IS COVERED UNDER THE GROUP POLICY?
Group Personal Excess Liability Insurance from Chubb provides you or a family member with broad protection and liability limits in excess of your primary auto, homeowners, renters, recreational vehicle, motorcycle, and watercraft insurance policies. Coverage includes personal injury and property damages for which you or a covered household member may be legally responsible in the event of a personal liability lawsuit. Large watercraft and personal watercraft are covered on a first-dollar basis if rented or furnished for 60 days or less. Defense costs for a covered loss are at Chubb’s expense and in addition to the policy limit.
WHO IS COVERED WITHIN THE GROUP POLICY?
A “covered person” includes the person who enrolls as a part of the group policy (as shown on participant list) and that person’s spouse or domestic partner, any relative, or any other person under 25 who is in the insured’s or the relative’s care, all of whom must be residents of the same household. Additionally, coverage extends to “permissible use”, which includes any person using a covered vehicle or watercraft with permission from the certificate holder or a family member with respect to their legal responsibility arising out of its use.
I ALREADY HAVE AN INDIVIDUAL EXCESS LIABILITY POLICY WITH CHUBB OR ANOTHER CARRIER. WILL THE GROUP PERSONAL EXCESS LIABILITY INSURANCE FROM CHUBB BE IN EXCESS OF THAT POLICY?
Group Personal Excess Liability Insurance from Chubb is intended to replace your existing individual excess liability policy. Since group rates are typically lower than individual policy rates, the cost to you for Chubb’s Group Personal Excess Liability Insurance may be lower than what you would pay for comparable coverage
under your individual policy. And, by enrolling with Chubb as a member of a group, you get additional coverages at no added cost to you.
Contact Edward Schultz at ESchultz@allanblockinsurance.com for a comprehensive and competitively priced program.
