Personal Umbrella Insurance
What is umbrella insurance?
While many people have heard of personal umbrella insurance, not everyone is
sure of what it covers. Umbrella insurance provides you with additional liability
insurance above and beyond the coverage offered by your other insurance
policies, such as auto, boat, or motorcycle. It’s an effective and affordable way
to protect the financial well-being of you and your family.
Do I need umbrella insurance?
Maybe you have heard of personal umbrella insurance, but never thought it was
for you. It could have been because of the cost, or maybe it was the idea that
you didn’t have anything to protect. Well, the cost is minimal and the
protection is worth it. An umbrella policy provides additional liability insurance
above your home, auto, and boat policies. Umbrella insurance will kick in when
the other policies limits are exhausted.
No one plans on getting in an accident, but if you are involved in an accident,
you can be certain that a personal injury attorney is going to see an
opportunity. Personal umbrella insurance can give you the peace-of-mind you
need to concentrate on other things, and it can save you from significant
financial hardships should you ever become involved in litigation.
Situations change; so does the need for umbrella insurance
Maybe when you bought your original policy, you didn’t require an umbrella
policy, but as you and your family grow and change over time, your need for
umbrella insurance becomes more apparent. Many people are surprised to see
how quickly costs are incurred after an accident, and a simple phone call to
your insurance agent can give you the information you need to make an
How It Works:
An umbrella policy is going to cover claims from damages caused by you, a
family member, or even the household pet. You already have liability coverages
on your home, auto, and boat, but what happens when these limits run out? If
you’re at-fault and involved in a 4 car pileup on the freeway, and your limits
are $250,000 / $500,000, the umbrella will help protect your liability after the
auto policy is exhausted. The policies are relatively inexpensive and help give
you peace of mind.
Bodily Injury Liability:
Bodily Injury Liability will help protect you against claims arising from damages
to another person’s body. It will help cover medical bills or liability claims from
such incidents as:
• at-fault auto accidents
• injuries caused by your animal
• a slip and fall on your property
Property damage coverage will help cover costs due to damaging another
person’s tangible property. Some examples are:
• damage to another vehicle or property resulting from an at-fault auto
• damage caused by your child to a neighbor’s home
Your personal umbrella policy will also offer you other areas of protection.
Examples of this include:
• mental anguish
• false arrest
• libel or slander
Where should I start?
Give us a call at 888-985-4032, and we’ll outline your options and help you
determine the best coverage for your needs. Umbrella insurance is a unique
product that offers a significant amount of protection and peace-of-mind at a
relatively low cost. You have options.