A group personal excess policy provides that additional layer of protection with some added benefits of a personal umbrella policy.
A major benefit of group personal excess over individual excess coverage is that there is no individual underwriting. That means that as a member of a group you are automatically eligible to purchase increased coverage and $5 million of uninsured and underinsured motorist protection. It does not matter how many houses, cars, boats or teenage drivers you have; even your driving record is not a factor.
NOTE: It is important to understand that the first $1 million of coverage does not “stack” or go above any existing umbrella that you may currently have.
