A Personal Umbrella policy is a type of insurance that ads an extra layer of protection for you and your assets when you need coverage that exceeds the liability limits of your homeowners or auto insurance.
For example, if you’re at fault for a multiple-vehicle accident, medical bills and property damages could quickly add up to more than your auto insurance will cover. If you become legally liable for someone else’s injury or property damage, the coverage an Umbrella policy affords to you may be the only difference between keeping your home an bankruptcy.
An umbrella policy is designed to protect you against a catastrophic lawsuit or judgement. In our litigious society, it is not uncommon to hear about very large jury awards. You can protect yourself from a situation like this with a personal liability umbrella policy. We recommend an umbrella policy for anyone with a net worth of $500,000 or more.
Umbrella policies are very affordable. For the average family, about $.50 cents per day can increase your liability coverage from the standard $500,000 to $1,500,000. No matter where you travel, your Umbrella liability policy is with you and covers you anywhere in the world.
An Umbrella policy can help to protect the assets that you’ve worked hard for and accumulated over the years. Call us for an affordable quote and to discuss the options that are available to you.