The Group Personal Excess Liability Insurance Plan
This section is a summary of the JPMorgan Chase Group Personal Excess Liability Insurance Plan. This summary does not include all of the details contained in the applicable insurance contracts, if any. If there is a discrepancy between the applicable insurance contracts and this summary, the insurance contracts will control.
The JPMorgan Chase Group Personal Excess Liability Insurance Plan is not a plan governed by the Employee Retirement Income Security Act, and is therefore not governed by the rules and procedures of ERISA. This document is a description of the Group Personal Excess Liability Insurance Plan for informational purposes only. The Plan provides additional liability protection for up to $10 million in coverage for damages and costs you or a covered family member might have to pay, beyond the limits of liability provided by your primary auto, homeowners, renters, recreational vehicle, motorcycle and watercraft insurance policies. Examples of situations this coverage could potentially address are:
- Serious auto and boat accidents;
- Youthful driver claims;
- Swimming pool accidents;
- "Slip and fall" accidents on your property;
- Snowmobile claims;
- Service on a homeowner's condominium or cooperative association, if not for profit; and
- Service as a director or officer for a non-profit organization for which you do not receive any pay.
This section of the Guide will provide you with a better understanding of how coverage under the Group Personal Excess Liability Insurance Plan works, including how and when benefits are paid.
Be sure to see important additional information about the Plan, in the sections titled About This Guide, What Happens If… and Plan Administration.
If you still have questions after reviewing this Guide, there are a number of resources that can provide answers. As a first stop for the Personal Excess Liability Insurance Plan, contact the claims administrator:
For additional resources, consult the Contacts section.
The JPMorgan Chase U.S. Benefits Program is available to most employees on a U.S. payroll who are regularly scheduled to work 20 hours or more a week and who are employed by JPMorgan Chase & Co. or one of its subsidiaries to the extent that such subsidiary has adopted the JPMorgan Chase U.S. Benefits Program. This information does not include all of the details contained in the applicable insurance contracts, plan documents, and trust agreements. If there is any discrepancy between this information and the governing documents, the governing documents will control. Because most benefits under the Group Personal Excess Liability Insurance Plan are provided by insurance, the terms of the policy or insurance certificate will control eligibility for benefits. If there is a discrepancy between this description and the policy or certificate, the policy or certificate will control. JPMorgan Chase & Co. expressly reserves the right to amend, modify, reduce, change, or terminate its benefits and plans at any time. The JPMorgan Chase U.S. Benefits Program does not create a contract or guarantee of employment between JPMorgan Chase and any individual. JPMorgan Chase or you may terminate the employment relationship at any time.