PERSONAL UMBRELLA INSURANCE

 To really feel secure about helping you protect your assets and your future, you may need the extra level of coverage provided by a personal umbrella liability insurance policy. It provides additional layers of liability coverage. If the liability limits are exhausted on your home, auto, or other insurance policy, your umbrella insurance policy takes over and provides you with additional coverage. The cost is minimal compared to the comfort of knowing you’re covered.

Imagine what would happen if were in an at fault accident where someone else was seriously injured. What would happen if someone was seriously injured on your property, in your swimming pool or on the pool deck? If any of these things happened to you, there’s a good chance your current liability limits may be inadequate to help protect your assets, or your future earnings. Experiencing a major insurance claim or lawsuit could lead to personal financial loss if costs exceed coverage provided by your standard homeowners and auto policies.

Umbrella insurance has an unusual name, but it’s a simple concept–it’s an extra liability policy for added peace of mind. Most commonly, umbrella insurance is something you get in addition to either a car insurance or homeowners insurance policy.

IN OTHER TERM, UMBRELLA LIABILITY INSURANCE STARTS WHEN THE OTHERS STOP

Focuses primarily on liability claims.

Umbrella insurance is specifically about liability, which is the cost you might have to pay to somebody else for an unfortunate event where you are held responsible. It doesn’t usually include losses you bear yourself, such as if your property is damaged or your possessions are stolen.

Pays out when liability coverage limits are not enough.

You’d usually get umbrella insurance when your main insurance policy has liability coverage limits that are too low for your needs. Umbrella insurance will only pay out when your main policy has already paid out in full, and it will only pay out the remainder of your costs.

How does Umbrella insurance work?

For example, if your auto policy covers liability up to $500,000 but you cause an accident that leaves the other driver with medical bills of $600,000, your main policy will pay out in full, and the umbrella insurance policy will kick in for the remaining $100,000.

Is Umbrella coverage right for your needs?

The umbrella insurance policy itself will have its own limit, but this is less likely to be an issue. An umbrella insurance policy can be cheaper than you might think. While it covers large potential payouts, the premium usually reflects the reduced risk that the policy will need to pay out.

 Takes a minute to get started:

• Fill out the form, we’ll be in touch.
• Review options with an agent.
• Get the coverage you need.