Group Personal Excess Liability (PEXL) Insurance
Protect yourself and your covered family members from financial loss.
JPMorganChase is offering access to PEXL coverage as part of your benefits program.
The advantages of participating include:
Simplified underwriting requirements
Access to higher coverage limits versus what you may be able to secure with an individual policy
Liability estimator tool to help you determine how much coverage you may need based on your circumstances
Complimentary personal risk review and report
Why is PEXL coverage important?
Download the program overview
Your PEXL benefit advantages
Uninsured/Underinsured Motorist (UM/UIM) coverage provides protection if you, your family, or passengers in your car are injured by a driver who is uninsured or does not have enough insurance. This coverage also protects you if you are struck by a car as a pedestrian or involved in a hit-and-run accident.
Approximately 1 in 8 drivers are uninsured
Download the Program Overview to learn more about coverage details and explore options which may be available to you, including UM/UIM coverage.
PEXL insurance—often referred to as umbrella coverage—offers additional protection for damages and costs that you are legally obligated to pay to another party due to bodily injury, property damage, or personal injury, such as libel or slander.
This insurance covers what you or a covered family member may be liable for beyond the limits of liability provided by your primary auto, homeowners, renters, recreational vehicle, motorcycle, and watercraft insurance policies.
Learn more about two real-world examples by selecting each headline.
Download the program overview
The U.S. Chamber of Commerce Institute for Legal Reform analyzed 1,376 large lawsuit verdicts between 2010 and 2019. Approximately half of these verdicts were between $10 to $20 million, and about one- third were between $20 to $50 million. The remaining 16% of them exceeded $50 million, including a group of 101 "mega" verdicts that exceeded $100 million.
Approximately half of large lawsuit verdicts were between $10 to $20 million.
New updates for 2025
New updates for 2025
Please review these documents for complete details:
PEXL Summary of Coverage Changes
Chubb PEXL policy
What actions do I need to take?
Please review all the information on this site. You can enroll and make changes to your benefits during Annual Enrollment, 10/1–10/18.
Current participants: If you take no action during Annual Enrollment, your current 2024 PEXL election will continue at 2025 rates. If you no longer want PEXL coverage in 2025, you must act and disenroll on the Benefits Web Center.
What's new for 2025
Policy changes: Chubb made several policy updates, such as certain requirements for primary underlying insurance, new and/or updated coverage exclusions, and policy termination provisions. Some examples include:
Vehicle or watercraft—rented more than 60 consecutive days—must be added to your primary underlying insurance
Requirement for primary underlying insurance for uninsured/underinsured motorist property damage removed from the policy
Coverage exclusions related to younger and/or unlicensed drivers of a personal watercraft, watercraft longer than 42ft or more than 300 engine horsepower, personal vehicle sharing for a fee, and the use of drones
Policy Termination no longer includes a period of transitional coverage
Premium contributions increased ~20% across all three coverage options. This increase is primarily driven by higher claim volume, negatively impacting the plan’s loss experience.
More broadly and in recent years, the PEXL market has been impacted by inflation and extremely high jury awards, which continue to trend upward. As a result, Chubb—who underwrites 90‒95% of the PEXL market— is increasing rates for all clients, including major financial service firms.
However, you should realize that Group PEXL continues to be the most cost-efficient way to purchase this coverage, versus acquiring an individual stand-alone policy, which requires underwriting to obtain certain coverage levels.
Welcome to the newly enhanced JPMorganChase Group Personal Excess Liability (PEXL) program page. Here you’ll find important program updates, rates, and new tools to determine your liability needs.
Effective January 1, 2025, there are changes to the Group PEXL premium contributions and policy coverage. Key highlights include:
Press anywhere to continue
PEXL General Changes Endorsement
Chubb PEXL policy
Effective January 1, 2026, Chubb, the insurance carrier, made specific changes to its Group Personal Excess Liability policy, which include things like: requirements for your primary underlying insurance, expanding the spouse definition and some watercraft coverages, as well as updates to certain exclusions.
Please review the following documents for complete details: