Personal Excess Liability
Protect yourself and covered family members from lawsuits.
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About your personal excess
liability benefit.
What is personal excess liability?
About your personal excess
liability benefit.
JPMorgan Chase & Co. is offering you access to personal excess liability (PEXL) coverage as part of your benefits program. The advantages of participating in this group program include:
• Premium group pricing,
• Access to higher coverage limits, and
• Simplified underwriting requirements.
JPMorgan Chase is offering you access to personal excess liability (PEXL) coverage as part of your benefits program. The advantages of participating in this group (umbrella insurance) program include:
• Premium group pricing,
• Access to higher coverage limits, and
• Simplified underwriting requirements.
Personal excess liability insurance 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.
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Why are these coverages
important?
Although limited coverage is typically included in a homeowners, renters, or auto policy, it is rarely enough if there is a significant lawsuit. Personal excess liability insurance provides coverage if you are sued for personal injury, bodily injury, or property damage.
Average liability settlements in the US are nearly $2 million.
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 your additional options, including Uninsured/Underinsured Motorist (UM/UIM) coverage and Employment Practices Liability Insurance (EPLI).
Download:
Program
overview