Extra Coverage for enhanced security
What is an extra coverage?
What is it for?
How does it work?
Choose your extra coverage
Umbrella Insurance
Personal Umbrella Insurance is an additional liability policy that provides coverage beyond the limits of your home or auto insurance. It helps protect your assets against certain lawsuits and covers legal expenses. This policy is used only when your primary insurance reaches its liability limit. For example, if you are sued for $1.5 million after a car accident but your auto policy covers only $1 million, your umbrella insurance will cover the remaining $500,000, preventing significant financial loss.
Umbrella Insurance standard coverage:
- Bodily Injury: Provides coverage for the medical expenses and lost income of another person or people that you’ve injured.
- Personal Injury: Provides coverage for yourself when you’ve been injured, as well as loss of income.
- Property Damage: Provides coverage for the cost of repairing or replacing another person’s property.
- Landlord Liability: Provides coverage if you’re found legally responsible for someone who has been injured on your rental property or if you are required to pay for the damage done to someone else’s property.
- Business Interruption: Covers the financial losses from business downtime as a result of equipment breakdown. It also covers business interruption due to a claim or lawsuit.
When you purchase Umbrella Insurance, a licensed broker will assist you with any questions and help you explore adding a liability umbrella policy to your existing coverage if you are:
- Home, condo, cottage, rental property, boat or snowmobile owner;
- Active member in your community;
- Recurring traveller, even for short business trips;
- Volunteer or a director of a non-profit organization;
- Volunteer for school field trips or carpool your children’s friends.
Simple steps,
great benefits
Get started with expert guidance
Request a quote online or contact us directly, and our advisor will connect with you to discuss your goals, answer your questions, and recommend the perfect policy for your needs.
Complete your application
Finalize your insurance plan by submitting the required documents and completing any necessary forms. Our team will ensure the process is smooth and hassle-free.
Make the first payment
Activate your coverage by completing your first premium payment. This step ensures your policy is in effect and your protection begins immediately.
Enjoy peace of mind
Rest easy knowing your policy is active, providing financial security for you and your loved ones, no matter what life brings.
Plan ahead and stay protected
with BCU Insurance
BCU Insurance
Questions? We’ve got answers!
Anyone who lives in Canada – whether you’re a citizen, permanent resident, or temporary resident – can usually apply for insurance. Eligibility may depend on the type of insurance and your specific situation, like your age or health status. It’s always best to check the specific requirements for the coverage you’re interested in.
Yes, bundling different types of insurance – for example, home and auto – can often get you a discount and make managing your policies easier. It’s a smart way to save money and stay organized.Â
Absolutely – we’re here to help you every step of the way. BCU Insurance can guide you through the claims process, answer your questions, and connect you with the right support. Just reach out to us, and we’ll take it from there.
Yes, you can update your policy anytime your needs or life circumstances change, like buying a new car or renovating your home. Just let us know, and we’ll help adjust your coverage to keep everything in sync. It’s all about keeping your protection current and stress-free.
Yes, you can cancel your policy at any time. However, keep in mind there may be cancellation terms or fees depending on your carrier and policy. If you are ever in need of cancelling a policy, we’ll walk you through the process so there are no surprises.
