Personal Umbrella Liability Insurance Policy

Kathryn PaviaGeneral Liability, Risk Protection, Tips on Insurance

Personal Umbrella Liability Insurance Policy

Extra insurance protection for the unforeseen

You have an auto insurance policy and a homeowner’s policy, so you are covered, right?  Not necessarily.  In the event of an at-fault auto accident or an incident on your property, the liability limits on these policies may not be enough.  Depending on the judgement, you may be responsible for damages that exceed the limits on these policies.  This goes not only for home and auto, but renters, motorcycle, and boat policies as well. A personal umbrella liability insurance policy can help provide the extra coverage you might need.

What’s Peace of Mind Worth to You?

To really feel secure about protecting your assets and your future, you may need the extra level of protection provided by a personal umbrella liability insurance policy.

A personal umbrella liability insurance policy provides additional layers of liability protection. If you exhaust the liability limits on your home, auto, or other underlying insurance policy, your umbrella insurance policy takes over.  This provides you with additional protection. The cost is minimal compared to the comfort of knowing you’re covered.

Do You Have Enough Liability Insurance?

Imagine what would happen if your dog was to bite a neighbor’s child, or if there was an accident on your rental property. What would happen if a fire in your condo spread to other units?  If any of these things happened to you, there’s a good chance your current liability limits wouldn’t be adequate to protect your assets, or your future earnings.

Your umbrella policy takes over and provides a second layer of protection of at least $1,000,000, once you exhaust the liability limits on your home, auto, or other policy.  Higher limits may also be available.

A personal umbrella liability insurance policy also pays some claims not covered by your home, auto, or other underlying insurance. The policy covers not just you, but your spouse and all family members living in your household, anywhere in the world. It may pay legal defense fees as well.

The right coverage for you is unique.  That’s why it’s important to discuss this option with your Advisor.  Call (864) 509-0009 to speak with one of our agents to determine the right coverage for you.

Do you own a business? Make sure you are fully covered with Commercial Umbrella Liability Insurance. Click to learn more!

 

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