Excess Liability | Chubb

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Personal Excess Liability Insurance

Personal Excess Liability Insurance provides additional liability coverage to help protect you against damages and lawsuit costs in the event of a serious loss or accident.
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Here's what you need to know

Americans are confronted by multiple risks that threaten financial assets and lifestyles. Personal liability lawsuits can run in the multi-million dollar range, and in such cases, personal liability insurance alone may not be enough. Personal Excess Liability Insurance offers an attractive solution for helping to preserve assets in the face of an ever-increasing array of liability exposures.

 

  • Provides additional liability coverage to help protect you against damages and lawsuit costs in the event of a serious loss or accident.
  • Optional insurance covers you for bodily injury, personal injury and/or property damages to third parties, over and above the coverage that you may have through other insurance policies.

 

This insurance is generally purchased to provide limits over and above primary insurance and to potentially provide coverage where a coverage gap may exist. 

Your auto, homeowner and watercraft policies may not provide enough protection in the event of a serious loss. You can get additional coverage from an “excess policy” which provides coverage in excess of your primary insurance. For example, if you have a car accident, your primary auto insurance policy would be your first level of coverage, or primary insurance; the Personal Excess Liability Insurance would be the final level of coverage after all other applicable policy limits are exhausted.

 

Examples of situations this coverage could potentially address are:

 

  • Serious auto and boat accidents
  • Incidents involving pets, i.e. dog bite
  • Youthful driver claims
  • Swimming pool accidents
  • “Slip and fall” accidents on your property
  • Snowmobile, watercraft, and recreational vehicle claims
  • Identity fraud expenses up to $25,000 per occurrence
  • Service on a homeowner’s condominium or cooperative association, if not for profit

 

The policy will pay all sums that you may become legally obligated to pay for a covered bodily injury, personal injury or property damage claim in excess of the required underlying limit. Coverage applies to personal injury and property damage worldwide if the incident occurs when the policy is in effect.

Your eligibility date to enroll is the first day you are actively at work on or after your date of hire. You can also enroll in in this coverage during Annual Enrollment.

 

Enrollment in Personal Excess Liability Insurance is for a calendar year. If you enroll in the plan mid-year, your coverage is only effective for liabilities incurred after your Personal Excess Liability Insurance effective date. You will have the opportunity to cancel or make changes to your coverage during the next year’s Annual Enrollment period.

These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.

 

Chubb Group PELI Contract

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Frequently Asked Questions

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  • Who is the provider?
    Chubb is a world leader in insurance. Chubb combines the precision of craftsmanship with decades of experience to conceive, craft and deliver the very best insurance coverage and service to individuals and families.
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  • Who in my family is eligible for this program?

    You and your dependent family member(s) who are covered under your policy could take advantage of policies through the program.

     

    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 and any relative who lives with you, 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.

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  • What if my employment status changes?

    The policy is not convertible. We recommend that you talk with your personal agent or broker to replace your coverage. (There is a 60-day extension for individuals who are no longer eligible for the group, but in no event does such coverage go beyond the expiration date of the policy.)

     

    Your eligibility status for this plan ceases when you are no longer an active employee on U.S. payroll. Personal Excess Liability Insurance coverage does not continue when you retire or leave Marsh.

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  • What types of injuries are included in the personal injury coverage?
    The policy will provide excess liability coverage if a rental property is covered by the participant’s underlying personal liability policy and meets the definition of “incidental business property” under the group policy.
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  • Are professional and business activities included?
    Professional activities are not included in the coverage, but incidental business/farming activities and property may be covered by the group excess liability policy from Chubb, subject to the limitations and exclusions stated in the policy under “business pursuits.”

Are you ready to enroll?

Personal Excess Liability Insurance is available for enrollment year-round. Coverage can only be canceled, increased, or decreased during annual enrollment.
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Do You Need Help?

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Phone Number: +1 800 225 2265