Umbrella insurance is sure to protect you from a rainy day. You’ve worked hard so protect yourself beyond car and homeowner’s insurance. Umbrella insurance is meant to extend the limits of primary policies and afford broader insurance coverage.
As you increase your assets your vulnerability to loss increases. Umbrella insurance can furnish liability coverage over and above that of your home and auto policies giving you peace of mind.
Personal umbrella liability insurance policy provides additional asset protection it’s the next layer of protection once the liability limits are exhausted on home, auto, or other insurance policies.
Your neighbor falls on your driveway and successfully sues you for $1 million. But your homeowners insurance tops out at $500,000.
Your teenager is at fault for major car accident, injuring a number of people and causing damage that exceeds your $300,000 car insurance coverage limits.
These are few unfortunate situations that a personal umbrella policy could provide additional coverage up to the limits of your umbrella policy effectively protecting your assets and future. An umbrella insurance policy covers many situations that are not typically covered by other liability policies.
Umbrella insurance starts once the liability limits are exhausted on your home, auto, or other policy. Your umbrella policy effectively takes over and provides a second layer of liability protection of at least $1,000,000 or higher.
An umbrella insurance policy pays for some claims not necessarily covered by your home, auto, or other underlying insurance. The policy covers you, your spouse and other family members residing in your household. Legal defense fees are also covered.
All that it takes is a distracted second when you’re driving, and in an instant you’re in a serious accident with a pedestrian who had the right-of-way. At this point in time, it’s impossible to figure out how much money you’re going to be paying out on a claim, but you’re riding on a $300,000 per person and $500,000 per occurrence liability policy. Read More
When liability insurance is mentioned, most people think of auto or homeowners insurance. Both cover your defense costs along with your liability up to your policy limits if somebody else is injured as a result of your negligence. Read More